Between January and February 2023, banana and plantain exports from Ecuador totaled a value of USD 709 million, according to the ECB. In cumulative terms, this sector remains in third place in the country’s exports.
By value, fruit exports grew 9.8% in the two-month period, as a result of a higher spot price due to high demand during the winter in the northern hemisphere. This is explained by Richard Salazar, executive director of the Banana Marketing and Export Association (Acorbanec).
In volume, the rise was 8.6%, according to the ECB. However, Acorbanec differs from that figure. Estimates for the sector show a fall of 0.5%, between January and February 2023, in relation to the same months of the previous year.
Said fall responds to climatic factors. During the first two months of the year, according to the union, 66.8 million boxes of 18.14 kilograms each were exported. 32% of that volume went to the European Union and 23% to Russia.
Source: ecuadortimes.net