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Portalfruticola.com spoke with the executive director of ACORBANEC, Richard Salazar, who analyzed the Russian market and the evolution of Ecuadorian banana shipments.

In October 2024, Peruvian banana exports reached 13,489 tons, generating revenues of $11.7 million. This represented an increase of 10.5% in volume and 13.9% in value, compared to the same month of the previous year. According to FreshFruit, the growth was not only due to the increase in exported volume, but also to an improvement in the average price, which rose 3.1%, reaching $0.86 per kilogram. This better outlook for national production corresponds to the fact that Ecuador —the largest banana exporter during the year— has had a poor performance due to the reduced supply due to weather conditions that affected the normal development of plantations. In addition, international conflicts delayed or interrupted supply to the Middle East and Russia. Another factor was that Peruvian bananas managed to gain ground because another important supplier, the Dominican Republic, faced quality problems in supplying European markets.

The banana industry in Ecuador plays a relevant role in the country's economy, since it accounts for more than 3.5 billion dollars in exports. The executive director of Aacorbanec explained the Safe Farms plan and the contribution it has in the fruit trade.