Banana: India aims for one billion dollars in exports within 5 years
Fresh Banana
Fruits
India
Market & Price Trends
Published Jan 13, 2024
Tridge summary
India is the top banana producer globally, accounting for over a quarter of global production, but only 1% of global exports. The country's successful first shipment of fresh bananas to the Netherlands has sparked interest in tapping into the potential for significant export growth, with a predicted increase to 1 billion dollars in the next five years. The Agricultural and Processed Food Products Export Development Authority (APEDA) is working with other stakeholders to develop specific maritime protocols for bananas and explore new export markets such as the United States, Russia, Japan, and Germany.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
India is the world's leading banana producer with 35.36 million tonnes, accounting for 26.45% of global production. Regarding exports, however, it represents only 1% of the global market. After the first successful shipment of fresh bananas by sea to the Netherlands, industry operators and interested parties are convinced that there is enormous untapped export potential. The Asian country could increase exports of fresh bananas, predictably reaching 1 billion dollars in the next five years. To achieve this goal, the Agricultural and Processed Food Products Export Development Authority (APEDA), in collaboration with other stakeholders, has developed specific maritime protocols for bananas. India could broaden the range of destination nations, with new opportunities in other markets such as the United States, ...
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