Part of the banana sector in Ecuador recently announced that it would halt its activity for three weeks to reduce the current oversupply in the market and stabilize export prices, which are currently down. However, Jose Antonio Hidalgo, the head of the Association of Banana Exporters of Ecuador (AEBE), which accounts for 70% of the country's exports, said that shipments would continue.
"We'll continue shipping all our contracted exports," he stated. “Yes, there have been logistics, distribution, and non-payment issues in different markets, but there have been no product placement problems. We've made an effort to keep the chain going and all the links in the chain have been operating. Some have had different inconveniences in the operational part, but we have already been solving them little by little.”
According to Hidalgo, the exporting companies that are handling their export with a contract are not having the fruit placement issues mentioned by the producers who defend the temporary suspension of the activity. "We must defend the contracts," the head of AEBE said.