Banana: India aims for one billion dollars in exports within 5 years

Published 2024년 1월 12일

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.

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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, ...

Source: Corriereortofrutticolo