Slowdown in banana demand in Russia and in the Eastern Mediterranean

  • Published on 16/05/2018 - Published by Market News Service / FruiTrop
  • FruiTrop n°256 , Page From 2 to 2
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The strengthening of the dollar against certain currencies is generating trouble on the world market. The rouble lost nearly 5 % against the American currency from early March. There has been a more gradual downward trend against the buck registered since summer 2017 for the Turkish lira and Iranian rial (- 15 %). These markets are far from bit players in terms of volumes. Turkey imports between 200 000 and 220 000 t of bananas per year. As for Iran and Russia, both markets seeing strong growth in recent years, the volumes respectively reached were 610 000 t (2016) and more than 1.5 million tonnes (2017). These few figures make it clear that when these markets sneeze, world trade catches cold.

Sources: Sopisco, CIRAD, Comtrade

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