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Top 5 -last week
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Low supplies in Europe after banana producers destroyed 'excess' harvest
"The banana harvest in Central America during September and October was so huge, that many producers there decided to destroy 'excess' bananas, which has caused supplies to go down significantly in October and November," said Szulc.
Current production levels are somewhat normal, despite levels being below previous forecasts in Costa Rica, Colombia and Ecuador.
"Along with decreased quality because of the cold weather, we also have smaller volumes arriving to Europe and what we have here is very expensive. Banana prices in the tropics are super high and many importers decreased volumes because of high risk.
Szulc said that it was also important to keep in mind that the hurricane that hit Martinique and the Dominican Republic a few months ago has also had an impact on supplies.
"At the time, we weren't too concerned with the losses here in Europe because it was during a period where there was low demand. Now that demand has increased, we are really missing bananas."
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Other news in this sector:
- 2023-02-02 Banana supplies still low in many regions
- 2023-02-02 Ecuador will be the third South American country to sign an FTA with China
- 2023-02-02 Remote-sensing models can enhance Banana Bunchy Top Virus (BBTV) surveillance
- 2023-02-02 "Lower CO2 emissions, perfectly ripened bananas and increased efficiency in the banana supply chain"
- 2023-02-01 Colombian banana producers reinforce measures after the Fusarium R4T disease was detected in Venezuela
- 2023-02-01 Ecuador's banana exports fell by 12.16% in 2022
- 2023-02-01 Low national supply reduces Brazilian banana exports in 2022
- 2023-02-01 Supply situation for organic bananas worse than normal
- 2023-01-31 1% annual tax reduction in China is a positive for Ecuadorian bananas
- 2023-01-31 Bananas from Ecuador at £0.88: up 4% compared to last week
- 2023-01-31 "After 40 years of trading bananas, it's time for something new"
- 2023-01-27 UK to eliminate tariffs on more than 3,000 export products from Nigeria
- 2023-01-27 EU three-week average price of European bananas at €101 per 100 kgs in week 2 of 2023
- 2023-01-27 Dominican Republic: Bananas and other products have dropped in price
- 2023-01-24 Bananas from Costa Rica at £1.00 per kg in the UK
- 2023-01-23 Ecuador says trade talks with Mexico have stalled
- 2023-01-23 Perfect summer for West Australian banana growers
- 2023-01-17 Costa Rica's banana and pineapple exports fall due to high costs and international uncertainty
- 2023-01-17 Tanzanian researchers fight Fusarium wilt TR4
- 2023-01-17 Bananas from Belize at £0.84 per kgs