Tension on the organic banana market

  • Published on 11/05/2017 - Published by Market News Service / FruiTrop
  • FruiTrop n°248 , Page From 2 to 2
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Following El Niño Costero, the northern coast of Peru was hard hit by rains and floods. Of this zone’s 7 500 ha of organic bananas, nearly 2 000 ha was reportedly affected by this intense rain around mid-March. Hence exports, after rising for the past decade, and which exceeded 200 000 t in 2016, have been down since February. Although there are no direct losses to rue according to official sources, yields are falling (soil saturation and less sunshine), while the damaged road infrastructures have prevented access to the packing stations and ports. Volumes exported in February and March were 11 % below the average for the past two years, with an especially marked drop on the US market (- 38 %). Despite trade-offs still favouring the EU because of good demand, quantities have come undone since March, and are 8 % less than last year. If we add the waning production from Ecuador, also hit by the rains caused by El Niño Costero, and the Dominican shortfall due to the floods of October 2016 (Cyclone Matthew), the organic banana market could remain under tension at least until mid-2017.

Sources: Promperu, CIRAD

organic bananas - peru - exports
organic bananas - peru - exports

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