The Philippines’s banana export volume last year dropped to a six-year low of 2.273 million metric tons as producers faced high input costs to the spread of Fusarium wilt.
The country’s total banana shipments in 2022 was 6.5 percent lower than the 2.432 MMT recorded volume in 2021, publicly released Philippine Statistics Authority (PSA) data showed.
Because of the lower volume, the value of the country’s banana exports last year also declined by 3.66 percent to $1.096 billion from $1.138 billion in 2021, according to PSA data.
Despite the contractions in volume and value, bananas remained as the second most valuable agricultural export of the country, behind coconut oil reports businessmirror.com.ph