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US banana supply in June 2021

Published on 30/08/2021 - Published by Market News Service / FruiTrop
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Product(s) : Banana
Rubrique / Thématique : Review and Forecasts
Country : Colombia , Costa rica , Ecuador , United States , Guatemala , Honduras
Keywords : Export , Import , Production

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The US banana market supply took a downturn in June 2021 (- 2.5 %), erasing the gains made in May (+ 2.9 %). Four of the last six months registered negative growth. The main reason is well known: the cyclones in November 2020, which in particular devastated Guatemala and Honduras. Trade-offs in favour of the US market from origins such as Colombia, Ecuador or Costa Rica were however insufficient to offset the big shortfall. So over the 1^st half of 2021, the market was down by 76 000 tonnes, dropping to 2 362 000 tonnes. Note that the trend for the organic banana was exactly the opposite to that for the conventional banana: + 4.7 % for organic, and - 4.1 % for conventional. Organic’s market share also climbed to 11.9 %. Over 12 months, there was a clear downward trend, with a 3.6 % downturn in net supply, barely holding the 4-million tonnes level, with 4 026 000 tonnes, i.e. a historic low.

Source: CIRAD