Peru: Exports of fresh Cavendish-type bananas fall 17% in volume and 10% in value between January and October 2023

(Agraria.pe) From January to October 2023, Peru exported 124,285 tons of fresh Cavendish-type bananas for US$ 94 million, which meant a drop of -17% in volume and -10% in value, compared to the same period in 2022. Bananas have had a tough season this year in all markets. The Netherlands, the first destination market, has had weak demand during these months. Until October, 36,620 tons were sold for US$ 28 million, which meant a drop of -15% in volume and -6% in value. However, currently, the banana market is recovering, prices have risen and that lost demand could be recovered. Added to this, Panama, its second destination market, only imported 17,701 tons for a value of US$ 12 million, which was a reduction of -46% in volume and -43% in value. On the other hand, another reason for the reduction in Peruvian exports was the increase in exports from Ecuador, the main exporter of Cavendish-type bananas. Said country increased its sales to the third destination market for Peruvian ...