Latin American banana industry faces challenges in Ecuador such as low prices from Europe

Published 2024년 10월 21일

Tridge summary

Ecuador, the world's leading banana exporter, is hosting the twenty-first edition of 'Banana Time' in Guayaquil from October 23 to 25, bringing together representatives of the banana sector from Latin American countries to address challenges such as low prices in Europe, logistical security, and phytosanitary threats. The conference will focus on advances in biotechnology, agricultural practices, and sustainability, with a call for the European Union to respect the value of the product and collaborate with the sustainability of the industry. The banana industry is a significant contributor to the Ecuadorian economy, generating 250,000 direct jobs and more than $3 billion in annual sales in 2023, with the EU being the main destination for its exports.

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Original content

Quito, Oct 21 (EFE).- Ecuador, the world's leading banana exporter, will bring together representatives of the banana sector from several Latin American countries starting Wednesday in the twenty-first edition of 'Banana Time', where they will address challenges such as low prices in Europe, logistical security, phytosanitary threats and the situation and regulations of the main destination markets. 'Banana Time Guayaquil', one of the largest international banana industry conventions, will take place from October 23 to 25 in the city that is home to Ecuador's largest port, from where most of Ecuadorian banana shipments to the world depart, with annual sales exceeding $3.5 billion in 2023. Participants will include delegates from the agricultural and financial sectors of Colombia and Costa Rica, gathered under the leadership of the Association of Banana Exporters of Ecuador (AEBE), which brings together more than 70% of the Andean country's exporting companies. Latin American ...

Source: Elperiodicodemexico