Costa Rica: Negative Banana and Coffee Exports

Up to August, coffee exports were down $74 million, and banana down $56 million, when compared to the same period of 2008.

Wednesday, September 23, 2009

Data from Procomer shows that in the first eight months of the year, $384 million were received in exchange for banana, and $207 million for coffee.

"Procomer blames the global crisis and bad weather as the main culprits of bad performance in these two traditional export products", reported Nacion.com.



Market Intelligence

Everything about exports and imports in Costa Rica.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Banana Production in Costa Rica Down 2%

January 2013

Climatic factors have affected production, with 103 million boxes exported in 2012, 2% less than in the previous year when 106 million were exported.

Expectations are better for 2013, as the harvest is expected to rebound to the export levels of 2011.

Elfinancierocr.com reports that "According to a commercial Alert from the Foreign Trade Promotion Office (Procomer), the global supply of bananas will shrink in 2013, after a fall in the production of fruit from Ecuador and The Philippines, the leading providers of the product worldwide, which could generate a positive scenario for the country.

U.S. Main Destination for Costa Rican Bananas

May 2012

Almost 50% of banana exports in 2011, $350.9 million worth, went to the U.S.

At the end of 2011 the country had exported a total of $749.7 million, 6% higher than the $706.1 in 2010.

The main destinations for Costa Rican banana exports were the USA with 47% of total exports, followed by Britain with 13%.

Coffee and Banana Could Recover in 2010

January 2010

Improved climate and a tariff reduction by the European Union for banana could lift exports for both products.

During 2009, adverse climate affected the coffee harvest, and the price of banana dropped, causing exports of both goods to fall 31.5% and 14.9% respectively.

"The agreement reduced the tariff paid by Latin American banana from €176 to €148.

Russia Targeted by Costa Rican Exporters

July 2009

Whole-bean coffee, melon, banana and ornamental plants producers are betting for the high level of consumption of the Russian market.

Last year, banana producer Bonanza S.A., of Russian capital, exported an average of 75 containers per week, making banana the most exported product to Russia.

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Citrus Extract

CitroBio is a citrus extract wash for use throughout the entire food industry.
CitroBio is a citrus wash for sprouts, fruits,...

Stock Indexes

(Aug 30)
Dow Jones
-0.07%
S&P 500
0.14%
Nasdaq
0.38%

Commodities

(Oct 18)
Brent Crude Oil
57.800
Coffee "C"
128.1
Gold
1,280
Silver
16.964