Organic banana exports in March reported $42,259,359 in profits, i.e. 2% less than in the same period of 2018. The figures were published by the Agrodata Peru website in its latest report.
The main export destinations include the Netherlands, with 29% of the total, the United States (21%), Panama (15%), Belgium (10%), Germany (8%), and South Korea (7%) ).
The main exporters were the Appbosa Agrarian Cooperative, followed by the Association of Small Organic Producers of Querecotillo, Pronatur, Agronegocios Los Angeles, and the Valle del Chira Association of Small Producers of organic banana.
The Agrodata Peru report also details the evolution of prices in the export of organic bananas. Quotations fell by 4% in the first quarter of 2019 and reached an average of 0.69 dollars per kilo of banana, compared to 0.72 dollars in the same period of the previous year. The fall in the price is due to the higher production of bananas in neighboring countries such as Ecuador, Colombia, and Central American countries.
Colombia made its first shipments of this fruit to the Chinese market, which has 1.3 billion potential customers.
The average production of organic bananas in Piura faces two challenges: the international price and productivity. Piura produces an average of 1,800 boxes per hectare and has 16,600 hectares devoted to this crop, 9,000 of which are organic, while Central America produces more than 2,500 boxes per hectare.
The BCR indicates that banana exports went from 26 million dollars in 2007 to 166 million dollars in 2018, an annual growth rate of 18%.