"A few weeks before the end of the year, we can say that, despite the problems associated with the coronavirus crisis, 2020 will bring another increase in banana imports to Algeria," said Michel Marchetto of Alpex. The French Alpex is specialized in the export of fresh fruit and vegetables and exports many products to Algeria. The green banana is one of the flagship products.
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Two factors lead to an increase in the number of green banana batches The number of green bananas imported by Algeria increased by about 25% (the count stopped in week 45). “For 2020, the total size of all batches together is estimated at 301,000 tons. In 2019 this was still 241,000 tons, ”explains Michel. “Two factors have caused this increase in the number of parties. First, the average FOB price in Ecuador is on the decline. For 2020, the average price is estimated at $ 7.80 per pack. In 2019, that was $ 10 per package. Second, the trade war is being waged by the few market participants who can import bananas with full ships. Most importers are smaller. Import them in containers, ”he adds. “Just like FOB prices, sales prices in Algeria have also fallen sharply. Although consumers have always won, it remains a year with mixed results for market participants in the sector. Many importers have had a very bad year due to the chaotic situation in Algeria. The oversupply associated ...
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