Costa Rica: Banana Improves but Fails to Reach Export Target
Despite an increase of 12% compared to 2009, the sector did not achieve its goal of 103 million cases expected for 2010.
Wednesday, January 5, 2011
Preliminary data reported total foreign sales of 98 million boxes, 5% lower than expected.
The banana industry expects to end the year with a total of 103 million boxes exported, tying production levels with those of 2008.
Although not yet reaching the numbers of 2008, exports in 2010 will exceed 20% of those in 2009 and are expected to continue to improve in 2011.
More global competition and less demand from Europe partly explain the stagnation of exports in the last three years.
Costa Rican banana growers estimate that this harvest will yield 107 million 18-kg boxes.
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