For Colombia, one of the biggest challenges has been to continue the banana export activity, mainly to Europe and the United States. While taking into account that bananas are the third export product in the country, which generates 35,000 formal jobs and 100,000 indirect jobs. The sector is working hand in hand with agro-industry companies and with the national government.
As for the side effects, the suppliers stuck to the prices before the pandemic. However the prices of fungicides and other fertilizers will probably rise. These products can represent approximately 30% of production costs.
Additionally, the banana sector is being impacted by the high prices of paper, which is used in the production of cardboard boxes where bananas are packed. Both fertilizers and paper are imported, so costs rise according to the exchange rate.
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