A representation of European Banana and Plátano de Canarias, Martinique, Guadeloupe and Madeira recently met to analyse the economic crisis 2023. Producers from the three E.U. countries agreed that the leading causes of their situation are "the increase in production costs, up to 30% in many cases in just two years; climate change; the unequal E.U. regulations in social, environmental and food safety conditions, which increasingly favour the production of third countries, and the use of imported bananas as a distribution brand as opposed to the application of much higher margins to European production".

The Minister of Agriculture of the Dominican Republic, Limber Cruz, delivered approximately eight (8) million pesos to several members of the Association of Pineapple Producers of Cevicos, Sánchez Ramírez province, who suffered losses with the past rains in November. Pedro Suárez, from the Association of Pineapple Producers, thanked President Luis Abinader and Minister Limber Cruz for the quick support provided to the sector and said that they will immediately return to production to guarantee exports and local consumption.

Philippine banana exports are estimated to have declined in 2023 partly due to pests and the spread of fruit-related disease, the United Nations' Food and Agriculture Organization (FAO) said. Based on the FAO's latest banana market review, the Philippines exported 2.20 million metric tons (M.T.) of bananas as of the first nine months last year, a decrease of 3.0 per cent from the 2.27 million M.T. delivered in 2022.

The President of Ecuador, Daniel Noboa, sent a bill to the National Assembly proposing an increase in the Value Added Tax (VAT) by three percentage points. He has called it an organic law to confront the internal armed conflict and the social and economic crisis and calls for an increase in VAT from 12 to 15 per cent.

Cambodia exported approximately 290,000 tonnes of fresh bananas in 2023, marking a decline of over 21% year-on-year, as the Ministry of Agriculture, Forestry and Fisheries reported. Hun Lak, CEO of Longmate Agriculture Co Ltd, explained that the drop in exports in 2023 was not due to reduced market demand but somewhat attributable to climate change, noting that his company's banana exports to China had diminished due to lower yields harvested in 2023 compared to the year prior.

India is making significant strides in developing efficient sea routes to export fresh fruits, particularly bananas, with an ambitious goal of reaching one billion dollars in exports to Europe. This stark contrast highlights the importance of strategic planning and infrastructure development in maximizing the potential of agricultural exports. The Asian nation is actively investing in the development of sea routes and logistics to boost its fresh produce exports, particularly focusing on bananas.

The Department of Agriculture is seeking preferential tariff rate for Philippine banana exports to Japan. Manila looks to review the Japan-Philippines Economic Partnership Agreement as an initial opportunity to discuss the Philippine appeal. The agency has scheduled the first meeting of the Philippines-Japan Joint Committee on Agriculture in the second quarter of this year.

The government of Belize hopes to revive the once-vibrant banana industries. According to the Statistical Institute of Belize, production has declined in recent years. However, in November last year, earnings from bananas were valued at $5.6 million, a rise from $4.6 million in 2022. The industry has historically been a significant foreign income earner for the country, but exports of bananas and citrus have sharply declined. Minister of Agriculture Jose Mai says that while work is being done to tackle the industries' challenges, it will take some time for them to rebound.

“Every district in Kerala has its favourite banana,” said Nishanth K, a 49-year-old banana farmer, from Kerala’s Wayanad district, who has over 250 varieties of bananas on his farm. “Wayanad and Kannur like mannan (a type of banana). Chenkadali (red banana of Cavendish variety) is very popular and culturally significant in Thiruvananthapuram and is sold there for a handsome Rs 80 a bunch, whereas in Wayanad, it fetches only one-fourth the price.

In order to provide a direct outlet to the producers of the Tembiaporã district, the department of Caaguazú, the head of the Ministry of Public Works and Communications, Claudia Centurión, announced the asphalt paving of 40 kilometres within the framework of the realization of the Banana Route, a long-awaited work.

Banana selling prices in St. Petersburg were USD 22.25-26.00 per box CIF, depending on brand, volume, quality, and packing. Nearly 2.14 million boxes were discharged in week 2, and around 880.000 boxes are expected for week 3. Very low temperatures hindered discharge operations in St. Petersburg. The exchange rate was 1 USD=88.78 RUB. Selling prices in the Mediterranean for Ecuadorian bananas were USD 19.00-20.00 per box CIF according to brand, volume, and region. Bananas of Central American or Colombian origin were sold at around USD 2.00 less per box. Prices in the Mersin Zone for the re-exported bananas of Ecuadorian origin were USD 18.00-22.50 per box, depending on brand, quality, and weight. Other origins sold at USD 15.50-17.50 per box.

Since January 1, the Spanish authorities have required a responsible declaration signed by the manufacturer on the amount of non-recycled plastic in the packaging of products imported by the country of origin, which must be certified. This measure is not whimsical but is part of one of the first actions being taken by the member countries of the European Union (EU) within the framework of the Green Deal. The European Commission has adopted a set of proposals to align EU policies on climate, energy, transport and taxation to reduce net greenhouse gas emissions by at least 55% by 2030, compared to 1990. That's what's known as the Green Deal.

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The President of the Association of National Banana Producers (Aprobana), Héctor Castro, lamented that the cultivated areas have decreased by 60% because of the tropical storms and other problems the sector faces. Banana exports are the country's second-largest foreign exchange source, surpassed only by coffee. The floods caused by Eta and Iota left substantial consequences on banana plantations, which have caused a considerable decrease in banana exports.

According to Ecuador's Minister of Agriculture, Danilo Palacios, in an interview, only 54% of the volumes of exportable fruit would have been signed between banana producers and exporters. The Minister, in a broadcast on a local television channel, called on producers to sign contracts with exporters. The signing of contracts is the only legal figure stipulated by the Banana Law for the fruit to be exported to foreign markets. In 2023, according to figures from the Banana Marketing and Export Association of Ecuador (Acorbanec), only 40% of the fruit was contracted.