Russia: Banana imports from Ecuador have fallen

Published 2024년 10월 30일

Tridge summary

Ecuador has seen a 20% decrease in banana exports to Russia, which accounts for 25% of its total banana exports, in the first eight months of this year. Despite this drop, Ecuador aims to maintain at least 18% of its banana supplies to Russia. Meanwhile, Russia's banana market has seen a nearly 20% decrease in demand, leading to a reduction in imports. However, it is expected that imports from Ecuador will continue, albeit possibly leading to a rise in prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to her, on average, over the past five years, Russia has purchased 958 thousand tons of bananas from Ecuador annually. A quarter of the republic's exports of this product went to our country. But in the first eight months of this year, Russia purchased 20% fewer bananas than in the same period of 2023. Ecuador expects to maintain the share of banana supplies to Russia at least at the level of 18%, says Ubilla. There are enough Ecuadorian bananas on the Russian market today for everyone, the main thing is that there is demand. And it fell by almost 20%, so importers cut back on purchases in advance, Vyacheslav Cheglov, professor of the basic department of trade policy at the Plekhanov Russian University of Economics, explained to RG. He is also confident that bananas from Ecuador will continue to be imported to our country, since attempts to reorient supplies ...
Source: RG

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