Ecuadorian banana exports fell by 12% in the first quarter of 2021

According to data from the Ecuadorian Federation of Exporters (Fedexpor), the shipments of some primary products had a negative performance during the first quarter of 2021. Banana exports between January and March of this year, for example, fell by 12% over the same period of 2020.

These results were influenced by the reduction in demand for fruit in Russia, China, the Middle East, and the European Union, stated Richard Salazar, the director of the Banana Marketing and Export Association (Acorbanec).

China, for example, is increasingly buying more bananas from its neighbors Cambodia, Myanmar, and Vietnam, he stated. Meanwhile, South Korea buys fruit from Colombia.

In addition, the different sectors have been hit by logistical problems in maritime transport on a global scale, which has led to significant increases in trade costs.

Felipe Ribadeneira, the president of Fedexpor, said that the first quarter of 2020 couldn't be compared to the same period of this year because they were of growth and hadn't been fully affected by the economic effects of the pandemic.

Ribadeneira said that, at this moment, exporters were making extreme efforts to adapt their offer and their entire production, marketing, and logistics chain to the new demands of consumers, in a context in which the pandemic continues.

The export sector presented the new Government with a 10-year plan for the development and strengthening of the activity.

 

Source: elcomercio.com 


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