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Philippines: Davao’s banana exports down by 68.3% in Q1

Banana exports from Davao Region for the first quarter of this year dropped by 68.3 percent as compared to the same period last year.

Export Free on Board (FOB) value of bananas, including plantains, fresh or dried was pegged at $94.2 million from January to March, much lower as compared to $297 million during the same period last year.

The banana export production in gross weight during the same period also decreased to 349,483,515 kilogram (kg.) as against last year's 808,611,852 kg.

Source: www.sunstar.com.ph
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