Vietnamese bananas land on South Korean retail shelves
Banana sector embracing sustainability
Ecuador’s banana exports increase despite liquidity issues
Slight dip in banana volumes
The global banana production has declined slightly due to lower temperatures in the Tropics. This has driven a general increase in prices (spot prices reached €9.45 per box in week 7). However, Europe has seen very little change in prices as yet. European banana producers in the outermost regions are concerned about a possible oversupply if import tariffs are also reduced for Brazilian and Mexican bananas, following a similar move with Peru, Colombia and Ecuador.
XXIII Acorbat International Congress to take place in Miami
On April 29 and 30 and May 1, 2020, in Miami, Florida, the XXIII Acorbat International Congress will be held. This is one of the most important banana events for the sector at the international level. The scientific congress will discuss current issues for the global banana sector. The meeting will bring together representatives from across the world, including widely recognised experts, who will share the most recent research findings and present the latest trends in the international banana world.
Successful introduction – the first climate neutral bananas for Delhaize
It is a huge success for BE CLIMATE. As of the beginning of this year, Port International delivers conventional BE CLIMATE bananas to Belgium on a weekly basis – climate neutral from the country of origin to the point of sale, of course. The first brand for climate neutral fruit and vegetables in Europe can be found as class Extra bananas at Delhaize, one of the leading Belgian retail chains. All unavoidable CO2 emissions caused during the cultivation, packing, and logistics process have been compensated in advance with the help of certified climate protection projects.
Ecuador’s banana sector calls for higher prices to reflect new scenario
As annual contracts with retailers are renegotiated, Ecuador’s banana industry (represented by ACORBANEC, AEBE, AGR) has released a statement regarding prices. ReeferTrends reports that German retailer Aldi has announced it will increase its buying price for Ecuadorian bananas in 2020. While the Ecuadorian banana industry welcomes the move, it feels that this rise does not fully reflect the current situation.
China’s banana imports soar
Banana imports reached a new record volume in May 2019, with a volume of 227,200 in one month alone. This soaring demand for bananas in China is attributable not only to a growing middle class but also to the popularity of “Western” products like smoothies. In 2018, China overtook Japan as the main overseas market for Philippine bananas, and now receives over two-thirds of the Pacific island’s banana exports. Banana cargoes are also on the rise from Mexico and Cambodia.