Banana: African origin at the top of the European market

Published 2021년 8월 25일

Tridge summary

In the first half of 2021, African bananas saw a 7.1% increase in their presence in the European market, reaching 309,000 tonnes. This surge was largely due to a decrease in the supply of dollar zone bananas, with exports to the European market dropping by 84,000 tonnes. The dominant countries for dollar zone bananas, Costa Rica and Nicaragua, were the only ones to improve their position in the European market, with other origins shifting to the North American market due to a supply shortage from Guatemala and Honduras caused by cyclones in late 2020. Despite this shift, the European market experienced a slight decline, down 1.8% to 3.469 million tonnes, but still surpassed the supply of the first half of 2019. European production remained relatively stable, showing a minimal increase of 0.3%, while Guadeloupe saw a significant growth in banana production by 21.8%, reaching 28,000 tonnes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Bananas originating in Africa made a strong comeback on the European market in the first half of 2021, totaling 309,000 tonnes, up 7.1% compared to the first half of 2020. Africa benefited from a lower supply of the dollar zone. Indeed, underlines FruiTrop, the volume of dollar zone bananas exported to the European market is down by 84,000 tonnes. "Only Costa Rica (major origin) and Nicaragua (minor origin) have developed their positions (note on the European market). All the other origins arbitrated in favor of the North American markets, which were in deficit following the reduction in supply from Guatemala and Honduras due to the cyclones at the end of 2020 "observes FruiTrop. However, over the first half of 2021, the European market is slightly bearish, down 1.8% to ...
Source: Commodafrica

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