Ecuador’s banana sector feels pinch of crisis
The current global crisis is putting the squeeze on Ecuador’s banana industry, with several factors combining to hamper demand. No bananas are being sent to China for the time being, while elsewhere, the higher reefer costs do not make it worth sending bananas long distances. The disruptions to the global transportation network are causing lengthy delays at the Panama Canal. This factor puts the rival Colombian bananas at an advantage, as they do not need to transit the Canal. All of this comes at a point where Ecuador is expecting to reach peak banana production.