Ecuadorian banana: slight fall in minimum price per export box in 2018

  • Published on 30/11/2017 - Published by Market News Service / FruiTrop
  • FruiTrop n°252 , Page From 2 to 2
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The government has taken the decision to support the export sector, albeit half-heartedly, in the ritual negotiations aimed at setting the minimum guaranteed price for producers in 2018. Exporters were arguing for a substantial reduction, to compensate for the fall in prices registered in 2017 on the international market, and restore some competitiveness to the Ecuadorian Cavendish banana, roughly treated in their opinion by increased competition from other South American producers. This argument is somewhat disputable with a look at the figures, which show a considerable drop in exports to the United States where Guatemala continues to gain ground (- 34 % as at late July!), but a rise in overall shipments, due in particular to increasingly strong positions in the EU-28 since the reduction in Customs duty (+ 11 % as at late July). There is no surprise in this context that the State’s decision has a foot in both camps; true with a reduction, but of 0.06 USD (barely - 1 %).

banana - ecuador - minimum price
banana - ecuador - minimum price

Source : CIRAD

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