Produce/Banana

The Customs and Excise Administration of the Tax Agency has just published information on foreign trade in Spain for the month of May 2018.

This year marks 30 years since Mexican coffee producers decided to advocate for better trade conditions to reduce their dependencies on charity and off-farm activities, creating the basis for what

The race is on to develop a banana variety resistant to the diseases and climatic changes that currently threaten the world’s favourite fruit.

After 2018 got off to such a positive start in terms of both price and volume, the banana market has experienced a rapid fall in prices since April due to overproduction.

Prices of Ecuador’s bananas have fallen as poor market conditions have led to lower exports (13% below average). The situation in Russia is particularly bad, with extremely low prices.

A new trade agreement between the EU and Mexico will cover more than 85% of the sectors which were not covered by the previous agreement, including agriculture.

The lack of banana supplies in the European markets seen during the opening weeks of 2018 is showing no sign of abating.

According to Fresh Del Monte Produce CEO Mohammad Abu-Ghazaleh, the reason for the glut in the banana market and the lower prices is that during this season, there have not been the adverse weather

By and large, this year’s trends have very closely paralleled last year’s for Peru’s banana exports.

Banana production is becoming ever more sustainable, as demonstrated by the sharp increase in production areas being certified.

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