Philippine Banana Exports Increase

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.

Wednesday, December 10, 2014

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.

Data from PSA-Davao also shows an increase of 532% in the net weight of bananas exported. The export volume amounted to 5,360 million kilos in the second quarter of this year, u from the 849 million recorded in the same period in 2013.

"The increase in value of exports in the second quarter of 2014, compared to 2013, is a combination of increased banana volume and an increase in the purchase price," explained Remegio García, president of the Association of Producers and Banana Exporters in Mindanao.



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From an article by the Costa Rican Trade Promotion Office (PROCOMER):

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A statement from the Costa Rican Trade Promotion Office (PROCOMER) reads:

Greater entry of Philippino bananas and mangoes allowed to the U.S.

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