Ecuador: Banana ripens on foreign soil

Published 2022년 7월 3일

Tridge summary

Ecuador's fresh banana production is declining due to lack of investment and increased fertilizer prices, but the country still sees over $100 million in profit annually. The war between Russia and Ukraine, which is the main supplier of fertilizers, has further complicated the situation. The country relies on the US and African countries for consumption and is the third largest banana exporter in the world. However, the industry faces challenges such as lack of technology and irrigation systems, and informality and intermediation have affected the official prices received by national producers.

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Original content

Fresh banana production is weakening in Ecuador, but its supply is taking root in international soils. The United States or African countries consume it, leaving the country with more than $100 million a year in profit. That is the result for 2021 despite the fact that this sector, like many others, has seen its productivity level drop due to lack of investment and in a context of rising fertilizer prices, a problem that has worsened since last February due to the war between Russia and Ukraine, since the first country is the main supplier of fertilizers for plantations. This is stated by Marina Andrade, president of the National Federation of Banana Producers of Ecuador (Fenaprope). To this is added the lack of technology and irrigation systems that allow producers to have permanent crops throughout the year and thus not depend on weather conditions. Currently, a farm without technology produces 330 boxes of bananas per hectare per year; while a technified one reaches about 700 ...

Source: Expreso