US Plan to Impose Port Docking Fees on China May Backfire

2025-03-21

Shipping analysts warn that the United States' proposed port docking fees on Chinese ships could negatively impact its economy and disrupt shipping capacity between the two countries. In late February, the US trade Representative suggested fees of up to $1.5 million for Chinese-operated vessels, prompting China to call for an immediate halt to this action. Authorities argue that such fees will raise global shipping costs and exacerbate inflation in the US, with additional expenses likely being passed on to consumers.

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Alternative Fuel Developments

2025-03-21

Using alternative fuels to fossil-derived products across a wide range of logistics applications continues to increase as companies move toward more environmentally friendly operations with zero or low emissions—electricity, hydrogen, compressed natural gas (biomethane), or methanol. Now that many retailers have rigorous sustainability policies, they will seek out and favour 'green' partner companies over their less sustainable competitors.

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Consequences of the Destruction of Plátano de Canarias

2025-03-21

Competition from Latin American and African bananas makes it challenging for many farmers in the Canary Islands to sell their products. This leads to a practice known as "pica," which refers to removing surplus bananas. Although destroying bananas is now illegal, Sergio Cáceres of the Association of Canary Islands Banana Producers' Organisations (ASPROCAN) says the term persists. Instead of "destruction," ASPROCAN prefers "non-using," which involves directing unusable bananas to charities, food banks, and livestock feed. While "pica" is EU-approved to manage overproduction, it remains controversial.

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Russian watchdog to inspect Ecuador's banana certification system in April

2025-03-21

Experts from Russian plant and animal health watchdog Rosselkhoznadzor will audit Ecuador's banana certification system in April, the agency said. "This step is aimed at ensuring compliance with international and Russian phytosanitary requirements, as well as improving the quality of exported products," the watchdog said after talks between representatives of Rosselkhoznadzor and the Ecuadoran Agriculture Ministry's agricultural produce quality control agency Agrocalidad. Ecuador accounts for 16% of Russian imports of products subject to quarantine, the agency reported Rosselkhoznadzor deputy head Yulia Shabauskene, as stated at the talks

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Algeria: Banana crisis worsened during Ramadan

2025-03-21

The price of bananas in Algeria has reached record highs during this holy month of Ramadan. The reason behind this surge is a combination of speculation and the ongoing Sahrawi issue. Each Ramadan, there tends to be a story about shortages or alarming price hikes. This year is no different, as the price of bananas has increased dramatically, a fruit that was once affordable for consumers.

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Maersk Hapag-Lloyd launched the Shanghai Port operation in cooperation

2025-02-14

Shanghai International Port (Group) Co Ltd said that the Gemini Cooperation officially launched its operation at the port on February 10 with the lifting of the first container. According to Hapag-Lloyd's official website, the Gemini Cooperation, a benchmark collaboration between Maersk and Hapag-Lloyd, was announced last year to start operating in February.

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The Reefer container market remains strong in the first quarter of this year

2025-02-14

According to DHL Global Forwarding's latest Ocean Reefer Market Update, demand for fresh produce, pharmaceuticals, and frozen goods is driving the market despite regional slowdowns and disruptions from diversions around the Cape of Good Hope. Ongoing geopolitical tensions in the Red Sea region make operations more complex than usual. This leads to disruptions in shipping between Asia and Europe, which adds costs and delays. Storms and droughts have also affected crop yields and export timelines for perishable goods.

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Market Overview – Week 7/25

2025-02-14

In week 07, banana prices in St Petersburg were around USD 24.90 per box CIF, with peaks up to USD 26.00 per box CIF, boosted by good demand. Nearly 1.720 million boxes were discharged, and around 1.920 million are expected for week 08. The exchange rate was 1 USD=91.03 RUB. Ecuadorian bananas in the Mediterranean commanded prices between USD 18.00 and USD 20.00 per box CIF, varying based on brand, volume, region, and packaging. In Libya, these bananas were sold at a price of around USD 17.00 per box CIF. Central American bananas, on the other hand, were priced lower at approximately USD 16.00 per box CIF. The situation in Algeria is starkly different, where prices have soared to USD 26.00 per box CIF due to significantly reduced import volumes caused by the ban on Ecuadorian bananas. The prices for re-exported Ecuadorian bananas in the Mersin Free Zone ranged from USD 19.00 to USD 21.00 per box, depending on the brand, weight, packaging, and volume. These prices have increased compared to the previous week, mainly due to lower banana availability and rising demand, particularly from Syria and the Turkish domestic market. In contrast, Central American bananas cost around USD 16.00 per box. The exchange rate was 1 USD=36.20 TL.

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Colombia seeks to export more fruits to international markets

2025-02-14

Colombia's fresh fruit exports have excellent growth potential but face challenges related to logistics, sanitary regulations, and access to international markets. Strengthening product quality and diversifying export destinations are essential to boosting the sector. According to Valora Analitik, Colombia has made progress in opening markets for products such as Hass avocados, bananas, and mangoes, but barriers still limit its competitiveness. The main challenges include high logistical costs, lack of infrastructure, and the phytosanitary requirements of some importing countries.

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Asbama Strengthens Ties in Germany for Colombian Banana Future

2025-02-14

At the Fruit Logistica fair in Germany, Asbama, representing banana growers in Magdalena, Cesar, and La Guajira, reaffirmed its commitment to sustainable sector development. Asbama's executive president, José Francisco Zúñiga, met with Colombia's ambassador to Germany, Yadir Salazar, to discuss key issues such as safety, logistics, pricing, and sustainability.

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Givaudan and Dole Asia produce a natural texturizing food ingredient

2025-02-14

Givaudan has partnered with Dole Asia to produce Green Banana Powder, a natural texturizing ingredient from upcycled bananas. This ingredient, created by Dole Specialty Ingredients (DSI), enhances Givaudan's Sense Texture range of clean-label emulsifiers and texturizers. Green Banana Powder offers natural texture, viscosity, and water/oil-holding properties, substituting modified starches, gums, and pectin in soups, sauces, baked goods, and snacks. It also adds fibre and nutritional value.

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Fyffes continues its focus on sustainability and category growth at Fruit Logistica 2025

2025-02-07

At this year's Fruit Logistica trade fair in Berlin, Fyffes focused on its credo of sustainable growth, growing the category together with the retail partners, growing the product range with innovative, consumer-tested concepts, and strengthening partnerships with communities and suppliers. With a strong commitment to sustainability, Fyffes continues to enable more people to access healthy foods while working closely with partners to reduce food waste.

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Chiquita Receives SEAL Award for Disease-Resistant Banana Prototype

2025-02-07

Chiquita has been awarded the Suitable Innovation Award as part of the 2025 SEAL Business Sustainability Awards for its Yelloway One disease-resistant banana prototype. This recognition highlights Chiquita's commitment to sustainability and innovative solutions in agriculture. Yelloway One is the first hybrid banana prototype resistant to significant diseases like Fusarium wilt and black leaf streak disease, which threaten global banana production and cost the industry hundreds of millions annually.

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Dole plc Schedules Fourth Quarter and Full Year 2024 Earnings Release

2025-02-07

DOLE will announce its financial results for the fourth quarter and full year 2024 on February 26, 2025 prior to the market opening. The company's management will host a webcast and conference call on the same day at 08:00 a.m. Eastern Time. A presentation to accompany the discussion will be uploaded to the company website along with a press release and other supplemental financial information.

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Market Overview – Week 06/2025

2025-02-07

During week 6, banana selling prices in St. Petersburg remained high at around USD 22.00 per box CIF, driven by strong demand, depending on the brand, volume, and packaging. Approximately 1.675 million boxes were unloaded, while nearly 1.720 million boxes are expected for week 07. The exchange rate improved slightly, with 1 USD at 96.91 RUB, benefiting the Russian currency. In the Mediterranean region, Ecuadorian bananas were priced between USD 15.00 and USD 16.00 per box CIF, influenced by brand, volume, area, and packing. In Libya, prices rose to around USD 17.00 per box for Ecuadorian bananas and approximately USD 16.00 per box for Central American fruit. In the Mersin Free Zone, re-exported Ecuadorian bananas sold at prices ranging from USD 16.00 to USD 18.00 per box. In contrast, Central American bananas commanded USD 13.00 to USD 14.00 per box, based on brand, volume, box weight, and packing specifications.

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