Honduras: Good Expectations for Bananas

Producers predict to end 2016 with a growth of between 6% and 7% in the export of the fruit.

Tuesday, November 22, 2016

Export of fresh or dried bananas from Central America Al September 30th, 2019  

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Despite the adverse weather conditions which affected banana production not only in Honduras but also in other parts of Central America, revenues generated from the sale of bananas abroad could reach $485 million this year, according to projections by the Secretariat of Agriculture and Livestock.

Click on the graph to see the evolution of exports from Honduras and other countries in the region. Click to interact with graphicsClick to interact with graphics

The coordinator of the Agribusiness Unit at the Ministry of Agriculture and Livestock (SAG), Francisco Herrera, told Latribuna.hn that "...'Banana exports are being maintained in the US market, and have declined in Europe, but we must work to raise them'."

CentralAmericaData.com's Agricultural Monitoring figures show that in 2015 exports of Honduran bananas generated $362 million, representing almost 22% of total exports from Central America.

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More on this topic

Central American Bananas: 78% bought by 3 Countries

July 2017

In 2016 the countries in the region exported $2,393 million worth of bananas, and 78% of them went to the United States, the Netherlands and Italy.

Figures from the Information System on the fresh and dried banana market in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]

Panama: Del Monte to Plant Bananas on State Owned Land

November 2016

In addition to the lands belonging to the former employees of Coosemupar, the North American company Del Monte may also be able to use 4,000 hectares in the area that are owned by the state.

Depending on what is negotiated in the agreement between the government and Del Monte, the bill for which will be submitted to the Assembly in January, 4,043 hectares in the Baru area suitable for growing bananas could be used, land which is owned by the Panamanian government. These would be in addition to those leased by company, through the State, by the former employees of Coosemupar.

Dominican Republic Wants to Export More Bananas

November 2016

A government project to be developed with the producers union aims to improve the positioning of Dominican bananas in the international market.

From a statement issued by PROCOMER:

As part of the commercial strengthening in an internationally competitive context, the Dominican Republic has launched a project entitled 'Measures to Support the Banana Sector', in order to enhance this productive sector. 

Philippine Banana Exports Increase

December 2014

The increase in sales of fruit, mostly to Asia, has been attributed to a combination of an increase in the export volume and a price hike.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

The Davao region has recorded a total of $356 million in banana exports in the second quarter of this year, an increase of over 50% compared to the same period last year, when $237 million was generated, according data released by the Philippine Statistics Authority (PSA) in Davao.

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