Banana sector of Latin American countries asks for joint responsibility in costs

Published Sep 6, 2021

Tridge summary

Producers and exporters from Ecuador, Colombia, Guatemala, Honduras, the Dominican Republic, and Costa Rica, which together account for 60% of global banana production, have called for increased participation from all stakeholders to address the rising production costs of the fruit. They blame factors such as increased costs of essential inputs like fertilizers and cardboard, loss of production due to new maximum residue limits, and increased ocean freight costs. These factors are threatening the economic sustainability and competitiveness of the banana industry, they say. The industry employs over 808,000 families in Latin America and contributes significantly to the GDP of Ecuador.

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

Original content

Quito, Sep 6 (EFE) .- Producers and exporters of bananas from Ecuador, Colombia, Guatemala, Honduras, the Dominican Republic and Costa Rica asked this Monday to "involve the entire value chain" in the high production costs of the fruit, which has become more expensive in the last year due to multiple factors. This was indicated in a joint communiqué signed by the main conglomerates and unions in the sector in the aforementioned countries, which represent 60% of global banana production. "The banana industry in the region has experienced significant cost increases due to the increase in prices of essential inputs," the document reads. These include the increase in fertilizers between 35% and 45%, cardboard by 30%, plastic by 45%, in addition to the loss of production generated by the new maximum residue limits authorized in the markets of destiny. Along with these factors are added the adoption of biosecurity measures to prevent the Tropical Fusarium Race 4, which affects countries ...

Source: Elperiodicodemexico