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Ecuador increases the minimum price of a box of bananas to 6.Inbetweenbox is multi-functional software that automatically categorizes files by their kind as soon as you import them, enabling you to quickly locate files in the future without wasting time in searching.Sales of Ecuador bananas dropped by 14% in Italy between January and July 2022.Inoculating Cavendish bananas with an avirulent Fusarium strain might protect them against Panama disease.Governor of Negros Oriental bans plant and soil transport due to Fusarium wilt.Banana imports were down by around 9% in August.New banana fungus is rapidly spreading across the globe.Jose Antonio Hidalgo assumes the inter-gremial coordination of Ecuador's Banana and Plantain Cluster.APHIS’ Plant Protection and Quarantine implements risk-based sampling for bananas and plantains at US ports of entry.Filipino banana exporters wants government to ease customs penalties.Bunchy top disease threatens East African bananas.Police in Ecuador seize 3.5 tons of cocaine hidden in banana container.Appealing new variety banana splits taste/TR4 problem.Bananas are still affordable as prices for other products are up.“The Banana of Guadeloupe and Martinique has a unique agroecological production”.“Meeting in Madrid a point of reference for Latam banana producers and EU supermarkets”.Bananas from Colombia at £0.90: No change from last week.Brazilians research fungus that combats two of the worst threats to banana cultivation.Banana production costs in Peru increased by 91% and exports up to August declined by 16%.
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Receive the daily newsletter in your email for free | Click here However, according to the newspaper El Universo, off the record sources have stated that the exporters were proposing the price for 2023 be set at $5.92, which would represent a FOB value of $8.08. Jose Antonio Hidalgo, the executive director of the Association of Banana Exporters of Ecuador (AEBE), said a reference for the new price should be the current FOB price in Costa Rica, which stands at 8.36 dollars. Salazar said they aspire to the new price of 2023 to include these aspects, which will be highlighted in the negotiations they will hold starting in October with their customers abroad. We must be consistent with the community, the global crisis, global super-inflation, and currency devaluations such as the euro that cause products to become more expensive for international buyers, he added.
"We must have a competitive price to be able to compete against Colombia, Costa Rica, Guatemala, Honduras, and Panama, which are sending their products to the different destinations we send them, especially Europe and the United States," he said. According to Richard Salazar, executive president of Ecuador's Banana Marketing and Export Association (Acorbanec), the exporting sector prefers not to disclose this information until the scheme and the new price are negotiated and fixed to avoid giving any competitive advantages to Ecuador's competition, especially the Latin American countries. Meanwhile, the exporting sector preferred not to disclose its price proposal.
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However, the Ministry stated, that if there is no consensus, the Ministry will set the minimum support price of the box and the FOB referential price based on the arguments presented by each of the sectors.Īccording to Franklin Torres, president of the National Federation of Banana Producers of Ecuador (Fenabe), the production sector proposed that the price of the box be increased to 7.76 dollars, which would be based on the production cost plus a 10% profit and would bring the FOB value to 11.18 dollars.Īccording to Torres, 56.5% of this price would be used to cover labor costs, 31.8% to pay for direct materials and inputs for the production of the fruit, and 11.7% to cover the services and food of the working population. The first meeting was held last Monday and, since there was no agreement, the MAG arranged a second meeting for next Monday.
The Ministry of Agriculture and Livestock (MAG) convened the first meeting to try to reach a consensus between the different parts of the banana sector on the price that will govern fruit exports in 2023.
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