Ecuadorian banana sector: Ships are waiting in ports for days

Published 2022년 7월 1일

Tridge summary

Ecuador faces challenges in banana export markets due to Russia's availability for bananas reducing by 20% due to sanctions, impacting 1.5 million tons of bananas. The lack of certificates for EU markets and transportation issues are complicating the situation. High freight costs and container shortages are additional challenges. Despite these issues, Germany's banana market is not expected to face shortages. Organic bananas have stabilized the market, with Germany's main supply countries being Ecuador and Costa Rica. Organic bananas have a 16% share in the organic fruit sector in Germany, with demand slightly declining but prices remaining stable.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ecuador is one of the most important countries in the world for banana cultivation. "About 20 percent of the crop has been sold to Russia so far, which corresponds to about 1.5 million tons," says Ursula Schockemöhle (right) of Agrarmarkt Informations-Gesellschaft (AMI). Another 330,000 tons went in turn to Ukraine. Compensating for these missing markets is not easy, however. "Sale in the EU is not possible due to the lack of certificates. Although small numbers are also sold in other Eastern European countries, this is far from comparable with the Russian market," says Ursula. Shipping companies avoid the Black Sea and St. Petersburg"The Russian market is supplied via the ports on the Black Sea or via St. Petersburg. Although the port of St. Petersburg is still accessible, most shipping companies sanction the Russian ports. Ecuador remains so we have to deal with large volumes." The already high freight costs are also increasing due to the necessary bunker surcharges, which ...
Source: AGF

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