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Bananas

Myanmar's ag sector invites Filipino investments
A Myanmar agriculture magnate has invited Filipino firms to explore potential investment opportunities in the country. Myanmar’s Yoma Strategic Holdings Co. Ltd (YSHCL) Agriculture Group Chairman, Tin Htut Oo, assured Filipino companies that, starting next year, Myanmar will be a highly favorable investment.....

Ecuador to set the price of bananas next week
According to Carol Chejab, the undersecretary of Marketing at Magap, since producers and exporters were unable to reach an agreement to set the new price of bananas, that will apply starting January 2017, the Ministry of Agriculture will set them.Eduardo Ledesma, the executive director of the Association of.....

India: Orange & banana prices plummet
The adverse effects of demonetisation are continuing in India. Banana growers and traders are suffering in Tiruchi, a city in the Indian state of Tamil Nadu, as the prices of the fruit have plummeted due to farmers trying to sell their produce as quickly as possibles. Orange prices have also crashed in Pune.....

Armenia: Banana price drops
According to the Ketrin Group (a large banana importer), the price of bananas has fallen in Armenia due to a drop in market prices in Ecuador, the prime global banana exporter. Their claim counters press reports that the price of bananas will rise in the run-up to New Year’s festivities.Ketrin Group.....


Dominican Republic: Banana growers tally losses
According to Dominican Banana Association (Adobanano) president Simeón Ramírez, Northwest Line banana growers place the losses from flooded plantations at RD$2.1 billion. The figure has been confirmed by National Agricultural Producers Confederation (Confenagro) director Hecmilio GalvánRamirez said some.....

Qatar-Ecuador bilateral trade growing rapidly
Over the last few year, a rapid growth in Qatar-Ecuador bilateral trade has been noted. The two-way trade volume is expected to witness a sharp jump of over 60 percent in 2016 compared to last year, according to Kabalan Abisaab, the Ambassador of Ecuador to Qatar.Given the wide-range of opportunities of.....

Armenia: Committee comes to the aid of banana importer
Armenia’s State Revenue Committee has helped an importer, who faced obstacles when bringing bananas to Armenia from Russia, the press office of the committee reported on Monday 21 Nov.According to the press release, unidentified men were trying to bar this person from importing bananas, but the committee put.....

Mexico: Bananas sold at a loss in Michoacan
Guillermo Chavez Gomez, the manager of Michoacan's Banana Product System Committee, said that producers needed to be more integrated and that they needed to work on an alternative, such as selling their fruit through a specialized office, to market their fruit at a better price.He said that producers were.....

Ecuador positive about EU trade deal
Ecuadorian Vice-President Jorge Glas told EurActiv Spain that the trade agreement recently signed with the EU will generate plenty of opportunities and underpin the changes his country has been working toward in recent years.On 11 November, Ecuador joined a trade deal that has been in place between the EU,.....

Honduras: Banana exports generate $485 million dollars
The Agribusiness Unit coordinator of the Secretaría de Agricultura y Ganadería (SAG), Francisco Herrera, said that 2016 will close with a 6 or 7 percent rise in banana exports."Banana exports remain stable in the US market but have declined in Europe, so we must work to improve that situation".He added that.....

Israel: Drought forces farmers to uproot fruit trees
Last week, apersimmon orchard was destroyed in Kibbutz Matzuva. Pomegranate trees were uprooted at Kibbutz Eilon. In both cases, it was not worthwhile continuing to grow the fruit, as warm weather and drought are threatening not only the winter fruit growers' profits, but also next summer's fruit.Kibbutz.....

Hope that more fruits will follow
Indonesia signs contract for banana exports to Singapore
On Friday 18 Nov., Indonesia's biggest banana producer, Nusantara Tropical Farm, signed a memorandum of understanding with Benelux Flower and Food for its first Cavendish banana export to Singapore. The contract was signed during the Fruit Indonesia 2016 exhibition in Jakarta, with a first purchase order.....

MEPs want protection for European banana sector
While Ecuador is negotiating with the European Union for a downward revision of the tariff on bananas entering the EU market, the Commission on International Trade of the European Parliament has been calling for amendments to the regulation on the stabilisation mechanism for bananas, and better protection.....

Bananas for blindness?
In a study published in ACS’ Journal of Agricultural and Food Chemistry, researchers report a new understanding of how bananas make and store carotenoids, which are important vitamin precursors for eye health. Their findings could someday help in the development of banana varieties with enhanced health.....

Production to exceed 400,000 tonnes
The market share of Canary bananas stable at 75%
In Spain, the total consumption of bananas from the Canary Islands and from other countries has reached 386,304 tonnes in the first 40 weeks of 2016; an increase of 5% over the same period in 2015. Of this total, more than 289 million kilos corresponded to bananas from the Canary Islands consumed in the.....

China: Banana market withering
In the last days, the prices on the banana market have clearly been going down. In an analysis of the first half of November, the average banana price in China is 3.5 RMB per kg. That is a drop of 12.5% compared to the monthly segment and a decrease of 22.2% compared to the year before. The average price for.....

ABGC promotes use of tissue culture plant material
The Australian Banana Growers’ Council (ABGC) has backed ongoing use of registered tissue culture nurseries as part of expected biosecurity obligation.ABGC Research and Development Manager, Dr Rosie Godwin said using clean banana planting material was a fundamental component of good biosecurity.....