In week 23, the selling prices for bananas in St. Petersburg were as follows: from Monday to Wednesday, prices ranged from USD 21.75 to USD 23.00 per box, CIF. After Wednesday, prices increased from USD 23.00 to USD 24.25 per box, CIF. These prices varied based on brand, volume, and packaging. During this week, approximately 1.415 million boxes were discharged, and the same amount is expected for week 24. The exchange rate for the period was 1 USD = 79.17 Rub. Prices for Ecuadorian bananas in the Mediterranean ranged from USD 19.00 to USD 20.00 per box, CIF. For fruit of other origins , prices varied between USD 17.00 and USD 18.00 per box CIF , depending on the brand, volume, and packaging. In the Mersin Free Zone, the prices for Ecuadorian fruit re-exported to neighbouring countries were between USD 19.00 and USD 22.00 per box, while Central American fruit was priced around USD 16.00 to USD 18.00 per box.
Read More »Since the eruption of the La Palma volcano in September 2021, the Canary Islands' banana industry—particularly the "Plátano de Canarias"—has been under intense public and economic scrutiny. Initially, Spanish consumers responded with solidarity, purchasing locally grown bananas at a higher price to support affected farmers. This campaign, encouraged by institutions and individuals alike, aimed to offset crop losses caused by volcanic ash and lava.
Read More »This summer, Chiquita is making the streets of New York City a little brighter – and a lot more fun. The iconic banana brand is rolling out a fleet of eye-catching, Chiquita-branded buses across Manhattan and parts of Brooklyn, bringing smiles and sunshine to the Big Apple's everyday commute. "From Times Square to Central Park, Chiquita is going bananas in the best way possible," said Juliana Furlan, Director of Marketing at Chiquita North America, in a recent press release.
Read More »The Philippines' export earnings grew by 7 per cent in April 2025, marking the slowest growth rate since December 2024, according to data released by the Philippine Statistics Authority (PSA) on Friday. The data revealed that export receipts rose to $6.75 billion in April 2025, up from $6.3 billion in the same month the prior year. In contrast, total export sales recorded annual increases of 8.7 per cent in March 2025 and 28.2 per cent in April 2024.
Read More »On May 31, 2025, the Corporation of Exporting Guilds of Ecuador (CORDEX) held a meeting in Guayaquil with executives from the Bank of China. CORDEX represents 75% of the country's non-oil and non-mining exports. The purpose of the meeting was to explore opportunities for attracting foreign investment and promoting technological cooperation in key productive sectors. Luis Alberto Jaramillo, Minister of Production, Foreign Trade, Investment, and Fisheries, participated in the meeting, emphasising the importance of public-private partnerships in strengthening the national economy.
Read More »Fresh Del Monte Produce Inc. (NYSE: FDP), a global leader in fresh produce and the exclusive grower of the patented Pinkglow pineapple, has officially launched its vibrant pink-fleshed fruit in the United Arab Emirates. Starting June 4, Pinkglow pineapples will be available only through talabat mart, the fast-commerce division of talabat, a top on-demand delivery platform in the MENA region. Recognized for its vivid pink interior, delicate sweetness, and eye-catching look, Pinkglow has captured international attention since its debut.
Read More »Many Spaniards have noticed that the price of Canary Islands bananas is higher than in previous years. A farmer has explained the factors behind this price increase and when it might decline. The anticipated decrease in price depends on several factors, one of which is demand. Prices are expected to fall when demand decreases, possibly in June when schools close. Regarding the high prices, the farmer stated, "This is because there aren't enough bananas."
Read More »In the first quarter of 2025, Ecuador exported 104.81 million boxes of bananas, marking a 1.77% increase from the 102.98 million boxes of about 42 pounds shipped during the same period in 2024. According to the latest statistical report from the Ecuadorian Banana Exporters Association (AEBE), the largest trade group in the country's banana sector, the European Union (EU) continues to be the top destination for Ecuadorian banana exports, accounting for 31.58% of total shipments. Following the EU, Russia is the second-largest market, representing 20.6% of exports.
Read More »On Monday, April 28, in week 18, the selling prices of bananas in St. Petersburg ranged from USD 22.20 to USD 23.40 per box CIF. However, on Tuesday, April 29, prices started to decline, falling between USD 19.75 and USD 22.20 per box CIF. Prices depended on brand, volume and packaging. Local traders attribute this price decrease to weaker demand, likely due to an extended holiday period from May 1 to May 4 and from May 8 to May 11, when many people take time off. Nearly 1.745 million boxes were discharged during the week, and approximately 1.850 million boxes are expected for week 19. The exchange rate during this period was 81.49 RUB to USD. Additionally, Rosstat reported a year-on-year inflation rate of 10.34% for the last week of April. Prices for Ecuadorian bananas in the Mediterranean ranged from USD 21.00 to USD 23.00 per box, CIF, depending on brand, volume, region, and packaging factors. In Libya, the price for Ecuadorian bananas was USD 22.00 per box, CIF, while Central American bananas were priced at USD 20.00 per box, CIF.
Read More »Bananas hold a mid-level position in Peru's agricultural exports. Despite consistent global demand, several challenges have hindered their growth in international markets. In the first quarter of 2025, Peru exported approximately 39,689 tons of bananas valued at $34 million, marking a 12% decrease in volume and a 9% decline in value compared to the previous period. However, the average price per kilogram increased to $0.87, a rise of 3%, which helped mitigate the impact of the reduced shipments.
Read More »A.P. Moller-Maersk reported that it would change the colour of its containers from the traditional grey to the shipping company's characteristic blue. The modification occurred almost five decades after the colouration resulting from the mixture of black and white was introduced. According to the information released, the measure would be valid for Dry Van cargo containers, but it was not specified that it would be replicated in refrigerated containers, which are usually targets independent of the owner company.
Read More »According to the Philippine Statistics Authority (PSA), the estimated banana production from April to June 2023 was 2.29 million metric tons, reflecting an annual increase of 0.1 per cent compared to the same period in 2022. Among the 20 known varieties of bananas in the Philippines, the Cavendish is the most common and widely cultivated. 2023 Cavendish bananas accounted for the highest production, with 1.17 million metric tons, representing 51.5 per cent of the total banana production.
Read More »Under President Donald Trump, the U.S. government has imposed a 10% tariff on imports from Guatemala, similar to tariffs applied to other countries in the region as part of the U.S.-Central America-Dominican Republic Free Trade Agreement (DR-Cafta), which took effect on April 5. The tariff for Nicaragua was set at 18%, effective April 9.
Read More »According to the regional government, the Azorean banana has been granted the Geographical Indication (GI) designation as part of its Protected Geographical Indication (PGI) status. An official order from the Regional Secretariat for Agriculture and Food, published in the Official Journal, confirms that, under EU Regulation No. 2024/1143, national protection is granted to the name "Banana dos Açores," effective April 3, 2025. António Ventura, Regional Secretary for Agriculture and Food, stated that no national objections were raised against the classification.
Read More »Cavendish banana production in Davao is significantly dropping, especially for small-scale farmers, due to Panama disease and El Niño. Ireneo Dalayon, CEO of the Federation of Cooperatives in Mindanao (FEDCO), and Ed Bullecer, EVP of the American Chamber of Commerce in Mindanao (AmCham-Mindanao), spoke at a forum in Davao City on April 11.
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