Global banana exports fell in first half of 2022

Published 2023년 1월 19일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a sharp decline in global banana exports in the first half of 2022, with full-year estimates showing a drop of about 1.2 million tonnes compared to 2021. This decrease, which brings the total exports to around 19.6 million tonnes, is due to supply-side issues amidst a challenging global business environment. Despite strong demand in importing countries, high prices, stagnant grower prices, and quality concerns have limited the sustainability of the banana industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Food and Agriculture Organization of the United Nations has released a report entitled Banana Market Review - Preliminary results 2022. It says that global banana exports continued to fall sharply in the first half of 2022, in stark contrast to the rapid growth in the 1980s. before the pandemic. Preliminary full-year estimates show that if the conditions of the first half continue, global exports will fall by about 1.2 million tonnes compared to 2021, to about 19.6 million tonnes in 2022. It is also stated that , amid a difficult global business environment, the barriers to global banana trade appear to be mainly on the supply side, while demand in importing countries remains relatively strong. The main factors influencing the trade outlook in 2022, according to the report, are: These difficulties have made it difficult for growers and exporters to supply bananas in sufficient quantities and to the quality standards expected in export markets in all major regions. As a result, ...
Source: AGF

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