Filipino banana exports up in Q2

The Davao region registered a total of $355.68 million in banana exports during the second quarter of this year, representing an increase of 50.02 percent as compared to the same period last year with $237.03 million, based on the data released by the Philippine Statistics Authority (PSA)-Davao.

Data from PSA-Davao also showed a 531.87 percent increase in gross weight of bananas exported. The volume exported increased to 5.36 billion kilos as of the second quarter of this year from 849.22 million kilos in the same period last year.

"The increase in the value of exports in the second quarter of 2014 as compared to 2013 is a combination in the increase in volume of bananas and increase in the buying price," Remegio Garcia, chair of the Mindanao Banana Farmers and Exporters Association (MBFEA), said in an interview with Sun.Star Davao on Friday.

He said the volume was brought about by the recovery of some areas that were hit by Typhoon Pablo in 2012 and are now producing bananas.

Garcia said the increase in the buying price from January to June this year was higher at an average of $6 per box as compared to the average price in 2013 of $4.50 per box. He said the prices this year also reached double digits.

Japan has remained the top export market for bananas at $108.35 million, followed by New Zealand ($69.1 million), China ($64.81 million), South Korea ($41.61 million), and United Arab Emirates ($13.87 million).

As of the second quarter of this year, Davao Region registered total exports of P29.34 billion, an increase of 26 percent as compared to the same period last year with P23.25 billion.


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