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The export price of Paraguayan bananas increases by 44%

During the first seven months of 2020, Paraguay exported 36,837 tons of bananas worth 9.2 million dollars, mostly to Argentina and Uruguay. Despite a 13% year-on-year drop in volume, the average price of the fruit has been $ 250.4 per ton, i.e. 44% higher than the average price in the same period of 2019, according to the Central Bank of Paraguay's Foreign Trade Service.

Chile had a slight participation with the purchase of 12 tons in January, but unfortunately, exports to this destination could not be maintained due to the sanitary conditions imposed by that country. However, producers are taking steps to insist on this market.

According to the representative of the Inter-sector Banana Competitiveness Table, Hugo Franco, the increase in prices is due to the fact that Santa Catarina, Brazil - a strong competitor in the Argentine market - lost its production due to climatic factors, and that the Ecuadorian and Bolivian fruit's presence wasn't so successful in the country.

In addition, the quality of the Paraguayan banana was very good thanks to the adoption of new agronomic techniques.



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