President Gustavo Petro criticized the businesspeople of the banana sector in Antioquia, alleging that they had harmed the territory. He asked the businesspeople of the guild to support the subregion, arguing that they have used the water of the Urabá for decades, obtaining economic gains without giving any compensation.

Banana producers in the Tumbes Valley are petitioning the Regional Governor, Segismundo Cruces Ordinola, to implement the regional banana program. Celestino Marchán Sanjinez, president of the Technical Board of the Productive Chain, has sent a letter to Congressman Héctor Ventura requesting his intervention to comply with this legal norm of regional scope that would benefit banana producers and the regional economy.

In Tboli town, South Cotabato, disgruntled landowners who had leased their lands to the fruit-exporting company Sumifru Philippines Corporation cut down thousands of banana plants on Saturday, March 16. This incident, which affected 10 hectares of plantation, was the latest in a series of confrontations between Sumifru and the landowners. The landowners retaliated after Sumifru guards dismantled barricades set up to demand that the company fulfil its promise to pay the taxes for the leased properties.

Citigroup Inc. reduced its stake in Fresh Del Monte Produce by 41.0% during the third quarter, as reported in the company’s most recent filing with the Securities & Exchange Commission. After selling 17,238 shares during the quarter, the fund held 24,757 shares of the company’s stock. At the end of the most recent quarter, Citigroup Inc.’s holdings in Fresh Del Monte Produce were worth $640,000.

On 21 March 2024, Zespri’s first chartered shipment for the 2024 New Zealand kiwifruit season set sail from the Port of Tauranga, heading for Shanghai. The vessel, of Tokyo based company FFC named Kowhai, loaded approximately 700,000 trays, or around 2,500 tonnes, of Zespri SunGold Kiwifruit and 15 containers of Zespri RubyRed for customers in China.

The Panama Canal Authority (ACP) has announced an increase in the number of daily transit slots available in the older Panamax Locks. The measures come in response to the current and anticipated water levels of Gatun Lake and increased demand for transit slots.

Trader Joe’s has been known for selling its bananas at a mere 19 cents—until now. Over the past few years, while prices for many grocery products have soared, one essential item at Trader Joe’s has notably resisted inflation: bananas. These individual bananas, priced at just 19 cents, have gained popularity as one of the retailer’s most exceptional deals. However, in a significant shift, customers are about to face higher prices for these affordable fruits.

The Russian maritime company, Far East Shipping Company (FESCO) transport group, whose parent company is PJSC Far Eastern Shipping Company, has delivered its first shipment of bananas from India to the port of Novorossiysk in the Black Sea. The customer for the shipment was X5 Import, part of the X5 Group. The shipment, weighing 22 tonnes (over 1,500 boxes), was loaded at an exporter’s warehouse in Maharashtra, India, into a forty-foot Dalreftrans refrigerated container (part of FESCO).

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The Magdalena, Cesar, and La Guajira Banana Growers Association (ASBAMA) had a prominent presence at the Fourth Global Conference organised by the FAO in Rome, Italy. The executive president of ASBAMA, José Francisco Zúñiga Cotes, participated in the event, and he was part of two important panels: one on "Small Producers in the Global Banana Industry" and another on "The State of Recent Banana Sproutings". TR4 and Current Actions".

In week 11, the selling prices for Ecuadorian bananas in St. Petersburg ranged from USD 17.0 to 18.10 per box CIF. These prices varied based on factors such as brand, quality, volume, and type of packing. Low demand impacted sales. During this week, approximately 2.059 million boxes were discharged. For week 12, around 1.730 million boxes are anticipated to be discharged. The exchange rate during this period was 1 USD = 91.64 RUB. Selling prices in the Mediterranean for Ecuadorian bananas were USD 19.0-20.0 per box CIF, depending on brand, quality, volume, and region. Prices peaked up to USD 20.0-21.0 in Libya. Central American or Mexican Bananas: These were sold at around USD 18.0 per box CIF. Mersin Free Zone Prices: Prices varied from USD 16.0 per box for the re-exported Ecuadorian bananas to USD 18.75-19.0 per box for the same origin, depending on brand, volume, and quality. Bananas from Central America were sold at around USD 12.50-15.0 per box.

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The recent surge in reefer shipping rates is anticipated to be temporary as the industry adjusts to vessel rerouting and deploys excess containership capacity to accommodate longer transit times. While the ongoing cargo rerouting continues to cause delays and complexity in repositioning reefer equipment, it is expected to have a short-term impact on freight rates.

Pánfilo Ayala, president of the Laguna Naineck branch of the Argentine Agrarian Federation, criticised the national Government's decision to open imports of certain foodstuffs, including bananas. He argued that this move legalises the damage to local banana production, which has always been free. Presidential spokesman Manuel Adorni stated that the decision to open imports of certain products definitively aims to make prices more competitive through some tax reductions.

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