Food and Agriculture Organization of the United Nations: Global banana trade is picking up, and insufficient supply is driving up unit prices

Fresh Banana
Published Jan 26, 2024

Tridge summary

The 2023 Global Banana Market Review by the FAO predicts a rise in global banana trade, with exports increasing to 19.2 million tons, despite insufficient supply from most supplier countries. Import prices have risen in the EU, while China's imports have decreased due to supply effects. However, imports from Ecuador have increased by 20%. Latin America and the Caribbean are expected to see a 1.3% growth in exports despite weather and disease challenges. Africa's exports are also projected to rise by 2%, largely due to increased supply from Côte d'Ivoire. Global net banana imports increased slightly, with strong demand in major markets, but limited by decreased supplies from major producers. Despite inflation, bananas remain popular due to their affordability, particularly in the EU and US.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The "2023 Global Banana Market Review" recently released by the Food and Agriculture Organization of the United Nations (FAO) shows that global banana trade will pick up in 2023, with total exports increasing to 19.2 million tons, but the export supply of most supplier countries is still insufficient. The world's major import markets Demand remains strong, and the average import price of some EU countries has increased by 10% to 15%. China's import volume has been reduced to less than 1.8 million tons due to supply effects, but imports from Ecuador have increased by 20%. exit Global banana exports increased slightly in the first half of 2023, and it is estimated that the full-year export volume will increase by about 0.3% compared with 2022, reaching about 19.2 million tons. Colombia, Mexico and other countries have encountered heavy rains, tropical storms and other severe weather conditions, and banana wilt disease TR4 continues to spread in the Philippines, Peru and Venezuela, ...
Source: Guojiguoshu
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