Although traditionally banana exporters from the Dominican Republic have focused on European countries, overproduction of the fruit is forcing them to look for opportunities in the US market.
From a report by Procomer:
For years banana exports from the Dominican Republic have concentrated on the European market, however, the situation occurring in local banana farming, with an overproduction that has found no outlet abroad, makes it clear that the sector needs to work quickly in order to break through to the North American market and stop relying exclusively on Europe.
Due to the effect of climatic phenomena at the beginning of the year, in the first five months of 2018, banana sales abroad amounted to $410 million, 9% less than was reported in the same period in 2017.
According to data from the Foreign Trade Promotion Office (Procomer), a comparison between the period between January and May 2017 and the same in 2018 shows that the value of banana sales abroad fell by 9%, going from $448 million to $410 million.
Due to the delay in approval of the environmental permit, in the first stage of the project, the subsidiary of Del Monte will cultivate 650 hectares of banana, instead of the 970 hectares originally planned.
Prensa.com reports that "... The company Banapiña de Panamá, a subsidiary of Del Monte, imported 1.2 million meristems from Costa Rica,of the banana variety "gran naim", to begin the cultivation process at the end of this month."
In the first nine months of 2017, Costa Rica exported $784 million worth of fresh and dried bananas, 7% more than in the same period in 2016.
Figures from the Information System on the fresh or dried banana market in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]
In 2017, 40% of the almost $200 million that the country exported went to the United Kingdom, followed by Sweden, with 16%, and Belgium, with 15% of the total.
An increase of almost 30% has been reported in the area planted with bananas in the last three years, despite the effect of the climatic phenomena in December 2016, which resulted in a 39% reduction in exports in 2017.
With a loan from the IDB, the Agricultural Company El Siglo will finance cultivation of 475 hectares of banana, a production which will be used for export.
The financing granted by BID Invest will allow the company to leverage its operations and develop more growth in less time.It is expected that at least 475 rural direct jobs will be generated, which is equivalent to one direct job for each hectare planted.
This year, Peruvian banana producers plan to export more than 10,400 fruit containers, which represents a 25% increase compared to 2016.
The main markets for Peruvian bananas are the United States, Germany, Holland, Belgium, Russia and Japan, among others. In addition, Peruvian bananas are entering more markets in Asia, especially in China and Taiwan.
From January to September 2017, countries in the region exported $1.92 billion worth of bananas, 9% more than was sold abroad in the same period in 2016.
Figures from the Information System on the fresh or dried banana market in Central America compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]
An increase in sales of coffee, palm oil and shrimp, explained part of the 18% increase in exports reported between January and November 2017, compared to the same period in 2016.
The Central Bank of Honduras reported that the growth in exports of the first 11 months of last year, is explained by an increase in sales of coffee, palm oil, shrimp, iron and its manufactures, bananas and paper and cardboard.
The export value between January and October of this year went up by 158% with respect to the same period in 2016, while export volume registered an increase of 74%.
<span dir="ltr">In spite of not being one of the "star" products of Nicaraguan agroexports, bananas managed to close the first ten months of the year with very positive figures.The Export Procedures Center (Cetrex) registered an increase of 158% in export value and 75% in export volume.
Producers from the state of Tabasco want to eliminate the tariffs that apply to the entry of this fruit into the European Union, its main export market, which is even greater than the United States.
From a report by PROCOMER in Costa Rica:
Tabasco is one of the main banana producing states in Mexico and it is aiming to eliminate tariffs that apply to this fruit when entering the European Union (EU), since it is its market par excellence, even ahead of the United States.
In 2016, bananas were the agricultural product that generated the most export revenue in Central America, with sales of $2.4 billion, corresponding to 5.7 million tons.
Data from the interactive system Monitoring of Crops in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graphic"]
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