El Niño, TR4, Russia, volcanic eruption, and other factors in the banana market in Morocco and the world

In 2023, Morocco restored banana imports after a sharp drop in volumes a year earlier, EastFruit reports. Already as of August 2023, the volume of banana imports into Morocco exceeded the entire calendar year 2022, when global trade in these products was in a serious crisis due to natural disasters, unfavorable weather conditions and the general negative background caused by Russia’s invasion of Ukraine. “Morocco is not one of the major producers or exporters of bananas, although locally produced products still dominate the Moroccan market. With production of up to 350 thousand tons annually, the country additionally imports from 22 to 28 thousand tons of these fruits from Latin American countries and the islands in the Atlantic Ocean belonging to Spain and Portugal,” comments Evgeniy Kuzin, fruit and vegetable market analyst at the EastFruit project. For January-October 2023, i.e. in its first ten months, Morocco imported 23 thousand tons of bananas, which is a third higher than ...