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During the first quarter of 2011
Peru: Organic banana exports grow 21%

Peruvian exports of organic bananas accounted for US$16 million in the first quarter of 2011, an amount which represents an increase of 21% compared to the same period of 2010, according to the Ministry of Agriculture (Minag).

According to the Bureau of Economic Research and Statistics (OEEE) of Minag, the volume of exports of this fruit had also an increase 22.9%, having sent abroad a total of 25,000 tons, i.e., 20,000 tons more than recorded in the same period last year.

The main market for Peruvian organic bananas is the Netherlands, which acquired 56.2% (14,000 tons), followed by the U.S. with 19.7% (5,000 tons), Japan with 10.7% (3,000 tons) and Belgium with 6.8% (2,000 tons).

In the past eight years the growth rate for exports of organic bananas is 23.2%, considering the increase in export volumes which increased from 18,000 tons in 2003 to 79,000 tons in 2010.

In this same period, average export prices also rose, from US$375 a ton in 2003 to US$630 in 2010.

The average FOB price of exports in the period from January to March 2011 was US$625 a ton.

Source: Andina

Publication date: 5/26/2011


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