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Ecuador: Banana producers ask for price of a box to rise to $7.50

On the morning of this Friday the 22nd, banana producers carried out a peaceful sit-in at Guayaquil, to demand that the price of the box of bananas that will govern by 2022 rises to $7.50, which is $1.25 more than the minimum price of Current Support (PMS) which is $6.25.

The demonstration took place within the framework of the negotiating table meeting to set that price. The producer sector came to the negotiating table with the proposal that the price rise to $7.50, while the export sector seeks to keep the price at $6.25 with the argument of maintaining competitiveness in international markets.

Franklin Torres, president of the National Federation of Banana Producers of Ecuador (Fenabe), indicated that the proposal of the sector is carried out in accordance with what is determined by the current Banana Law, in which it is mentioned that the PSM is based on a study of production costs and a reasonable profit.


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