Chile: Banana cluster manifests itself in the face of increased costs in the value chain

Published Sep 6, 2021

Tridge summary

The article highlights a statement from major banana-producing and exporting countries, including Ecuador and Colombia, addressing the challenges of increasing costs in the banana value chain. These countries point out the significant impact of factors such as rising prices of essential inputs like fertilizers and cardboard, new maximum residue limits, and the global maritime freight shortage on the economic sustainability and competitiveness of the industry. The statement also emphasizes the effects of natural phenomena and the COVID-19 pandemic on banana production and prices. In response, these countries are advocating for shared responsibility and commitment from all value chain actors to ensure the sustainability of the global banana industry, following a dramatic decrease in banana prices in 2021.

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

Original content

The producers and exporters of bananas from Ecuador, Colombia, Guatemala, Honduras, the Dominican Republic and Costa Rica, representing 60% of the global banana production, published a statement stating their position on the increase in costs in the value chain of the banana. The Banana Cluster stated that "in the course of this year, the region's banana industry has experienced significant cost increases due to the increase in prices of essential inputs such as fertilizers by 35-45%, cardboard by 30%, plastic by 45%. ". They indicated that "the loss of production generated by the new maximum residue limits of the destination markets that ignore the needs and reality of production in the region, the application of the standards imposed by a certified market, the adoption of measures of biosecurity to prevent the R4T FOC, the implementation of security measures to avoid the contamination of containers with illicit substances and, also, by the generalized increase in the cost of ...

Source: ClPortalFrutiCola