NOVA MEDIA PUBLISHING INC.

Argentina: Formosa's Banana Production Among the Worst in Decades

6.11.2020

This year's banana production capacity was reduced by around 55% in the Argentine region of Formosa. 

2020 has been one of the worst years for Formosa banana production in recent decades, and next year there will be a significant decline in fruit production. This was stated by the Laguna Naineck delegation of the Argentine Agrarian Federation (FAA) in a statement.  The entity's subsidiary explained that this situation is due to a prolonged drought, high temperatures and late frosts, added to fires in several parcels and prices that were well below what was necessary.  In this sense, he said that this year's production capacity was reduced by around 55%. "This serious situation will have an immediate consequence, which will be a 60-day delay in production in 2021 and a significant reduction in yield." 

At the beginning of the year, the entity estimated a production capacity of 60,000 tons of fruit, which would be equivalent to a little more than three million boxes of bananas of 22 kilograms each. 

"As a consequence of the serious situation that the production suffered in the year, the total of 1,300,000 boxes of bananas at an average price of 6 pesos for each kilogram of fruit has not been exceeded; very far from the 25 pesos that are needed per every kilogram to be profitable," he warned. 

"The lack of rain began to occur since February and has been going on for more than eight months to date: throughout this period there were no rain falls with minimum average values each month," he said. 

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