Colombia: ASBAMA calls for action for a fair price for banana producers

Fresh Banana
Market & Price Trends
Innovation & Technology
Published Apr 18, 2024

Tridge summary

On International Banana Day, April 18, the Association of banana producers and marketers in Magdalena, Cesar, and La Guajira (ASBAMA) in Colombia highlighted the need for fair pricing for banana producers in international markets. They pointed out the issue of European supermarkets, especially Germany's Kaufland, selling bananas at prices below what is considered fair, which undermines sustainable and responsible production efforts. This situation poses a threat to the agricultural sector's continuity in Latin America. ASBAMA also recognized the contributions of over 20,000 formal workers in the region, who account for more than 50% of Colombian banana exports, emphasizing the importance of fair trade practices to support the livelihoods of these workers and the overall industry.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Within the framework of International Banana Day (April 18), the Association that brings together banana producers and marketers in the departments of Magdalena, Cesar and La Guajira (ASBAMA) of Colombia, highlighted the importance of guaranteeing a fair price for banana producers in international markets, since the price trend in the market in Europe versus its demands in terms of certifications threatens the continuity of this agricultural sector in Latin America. Recently, banana exporting unions from Colombia, Costa Rica, Ecuador, Guatemala, Peru and the Dominican Republic have expressed concern about the practices of some supermarkets, particularly Germany's Kaufland, which offer Latin American bananas at a price significantly below what they would expect. considered fair by the industry. “At ASBAMA, we see with growing concern how European supermarkets, which are involved in sustainable supply chain initiatives, are not complying with the fundamental principle of shared ...
Source: MXfruit
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