Ecuador: Less purchase from Türkiye slows down banana exports

After a 2022 loss, the banana industry is still on the recovery path. In the first semester, sales totaled 190,065,336 million boxes, which meant 5.42% more than last year. However, the growth could have been higher, if it were not for the poor purchasing behavior that, in recent months, the countries of the Middle East, the third destination for local fruit, have been registering. According to figures from the Banana Marketing and Export Association (Acorbanec), the markets that sustained this 5.42% increase were the European Union, our main buyer of bananas. From January to June, 31% of the supply went to that destination, with 58,488,390 million boxes, 22% more than in the same period last year. Russia is next on the list with 41,801,333 million boxes sold (8%) and the US with 17,707,993 million (9% more). A different symptom is having exports to the Middle East. What is preventing sales from going at a better pace is a drop in demand from countries like Turkey. Until June, ...