Hainan production area began to end Guangdong into the mainstream domestic banana production area

2022-09-23

Hainan bananas have entered the closing stage, and prices continue to move chaotically. Merchants gradually moved to the two Guangzhou areas, and some production areas in Zhanjiang, Guangdong Province, were at the peak of listing, becoming the mainstream banana-producing areas in China.

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Maersk to Expand Egyptian Terminal as Competition Increases

2022-08-19

Competition among the container carriers and their terminal operators will be heating up in Egypt in the coming years as the country works to become the home of one of the primary transshipping operations in the Mediterranean. The Suez Canal Authority reports that Maersk will be investing $500 million in the expansion and modernization of its terminal operation. At the same time, Hapag announced plans for a new terminal operation in Egypt two months ago.

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Peruvian Banana Exports Grow 52% Between January and July 2022

2022-08-19

Between January and July of this year, Peruvian exports of fresh bananas amounted to 99 thousand tons, representing an increase of 52% compared to what was shipped in the same period last year. This was stated by the president of the consulting firm Inform@cción, Fernando Cillóniz, who highlighted the recovery that banana shipments from Peru have been registering after four straight years of chronic decline in the volumes shipped (2018, 2019, 2020 and 2021).

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Reefer Freight Rates Stabilizing to Outpace Dry Box Prices

2022-08-19

Reefer container freight rates across global trades rose over 50 per cent to 2Q22, matching gains in dry cargo pricing and are estimated to increase further in 3Q22, outpacing dry box rates. "Some stabilization is already underway on some reefer trades and this is expected to be followed by modest declines through 2023 as cargo owners push back on unsustainable freight rate increases," according to Drewry's recently published Reefer Shipping Annual Review and Forecast 2022/23.

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Cameroon: Banana Exports in July 2022 up 6% Year-on-Year

2022-08-19

In July 2022, the three banana producers operating in Cameroon exported 13,203 tonnes, according to the Banana Association of Cameroon (Assobacam). This corresponds to an increase of 744 tonnes (+6%) compared to the 12,459 tonnes shipped to the international market in July 2021.

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C.R.: Insurance Pays ¢82 Million to Banana Producers

2022-08-19

In the first half of this year, the National Insurance Institute (INS) of Costa Rica had to disburse more than ¢82 million to pay for the policies of banana producers. It is insurance that protects farmers from pests and diseases in their plantations. The policy is a fundamental guarantee for banking and financial entities granting credit to producers throughout the country.

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R.D.: Modernization of the Port of Manzanillo

2022-08-19

The Dominican Republic advances with a program to modernize the port of Manzanillo and the Cibao Northwest region. The plan "will improve the competitiveness of exports of goods originating in Cibao, which represents 38% of national exports and currently leaves through the ports of Haina and Caucedo," the Minister of Economy, Pável Isa Contreras, said while visiting the facilities last week. The public-private partnership program contemplates the remodelling of Los Coquitos beach and the landfill in the area.

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DP WORLD IN ECUADOR JOINS THE LARGEST CORPORATE SUSTAINABILITY INITIATIVE ON THE PLANET

2022-07-16

On July 14th, 2022, in the city of Guayaquil, DP World in Ecuador signed its adhesion to the United Nations Global Compact - Ecuadorian Network, with the aim of continuing its active business contribution and to generate a more sustainable and inclusive economy, reflecting on the ten principles universally accepted by more than 13,000 companies and organizations in the world (330 Ecuadorian) belonging to the Pact in four thematic areas: human rights, labor, environment and anti-corruption.

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DR: Government to Provide More than RD$356 Million to Banana Producers

2022-07-15

The Dominican Government received from the European Union a credit of RD$356.2 million to be used to finance banana producers in the provinces of Azua, Montecristi, and Valverde. The transfer corresponds to the Banana Accompanying Measures program for the Dominican Republic" (BAM), to be executed by the Agricultural Bank in coordination with the Ministries of Economy, Planning and Development, and Agriculture.

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Algeria: Consumer Protection Calls for an Investigation on Banana Prices

2022-07-15

After stabilizing for months, banana prices are on the rise again, reaching new records under the shock of consumers. In contrast, its costs exceeded, on July 13, the wholesale markets 600 dinars (USD 4.08) and the retail markets 700 dinars, according to the Algerian Protection Organization of the consumer. The latter demanded an investigation into these prices because, according to them, the prices remain too high while they are experiencing stability on the world markets.

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Banana Fiber Fabric Enters the Textile Industry

2022-07-15

The Bananatex company has started to apply the banana fibre fabric in a textile project. The product is extracted from the tree's trunk, and its fibre is the strongest found in its natural state. Hannes Schönegger, CEO of the company, explained that in the Philippines, "there is a specific banana species for this, mainly for the paper and rope industry, but we discovered that no one was processing it into fine threads yet. This is what we needed."

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Russian Forwarders Establish Liner Services to China and India

2022-07-15

Russian forwarders have launched their liner services linking local cargo to China and India after most carriers boycotted the country since the invasion of Ukraine, reports Singapore's Splash 247. In response, the report states that Russia's Swift Line and Inteco Lines have set up shipping lines for container services between the Russian Far East and China.

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Fyffes Great Banana Bake Off Is Back!

2022-07-08

It's time to crown Ireland's best banana bakers and we've teamed up with celebrity chef Donal Skehan to launch this epic battle and the competition promises to be both fierce and fun. There are a number of categories with something to suit all tastes and abilities so get those baking caps on and make your county proud! Categories include Best Junior Bake (under 12s and 13-17s)r, Best Breakfast, Best Savoury, Best No Bake, Best Vegan, Best Gluten-Free, Best Dessert, Grand Prize Winner.

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Entities Sign Agreement to Promote Dominican Organic Banana

2022-06-17

The Trade Safe Project (TraSa), ISA University, and the Association of Banana Producers (ADOBANANO) signed an inter-institutional collaboration agreement to implement strategic actions and strengthen the value chain of organic bananas for export to the European Union.

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La Niña is Expected to Continue Through the End of the Year

2022-06-17

According to NOAA, during May, below-average sea surface temperatures (SSTs) continued across most of the central and eastern equatorial Pacific Ocean (Fig. 1). However, negative SST anomalies weakened during the past month, as reflected by the Niño indices, ranging from -0.6ºC to -0.9ºC during the past week.

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