Tensions in Ecuador have not yet led to a reduction in banana supplies to Uzbekistan

Published 2024년 1월 15일

Tridge summary

The tense situation in Ecuador has caused concern for importers in many countries, including Uzbekistan, who rely on the country as a major supplier of bananas. While the largest retail chain in Uzbekistan, Korzinka.uz, has stated that their banana supplies are stable and unaffected by the situation in Ecuador, Russia has already experienced problems with exporting Ecuadorian bananas due to packaging and shipping issues. The potential for supply disruptions from Ecuador could lead to higher prices for imported bananas in the Russian market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Against the backdrop of the tense situation in Ecuador, where a state of emergency and curfew have been introduced since January 8, importers in many countries are concerned about the stability of banana supplies. Ecuador is one of the five largest banana-growing countries in the world. In terms of production volumes, India, China, Indonesia and Brazil are ahead of it. At the same time, almost the entire Ecuadorian banana business is export-oriented. Uzbekistan is also among the buyers of bananas from Ecuador. According to the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan (MIPT), in 2023, Uzbekistan purchased more than 133 thousand tons of bananas worth over $95 million. The bulk of imports – 129.6 thousand tons, or 97% – came from Ecuador. The remaining 3% was brought to the republic from Georgia, Turkey, China and other countries. Approximately the same import structure was observed a year earlier. The MIPT noted that the import of bananas to ...

Source: Eastfruit