Ecuadorian banana exports decrease as a result of Russia-Ukraine war

By: Trademagazin editor Date: 2022. 08. 17. 05:13

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The war between Russia and Ukraine has put extra pressure on already strained global logistics with a lack of containers and high input prices being amongst some of the factors affecting the fruit industry.

The fall in exports occurred as a result of different factors

Richard Salazar, Executive Director of ACORBANEC, an Ecuadorian banana marketing association, spoke about the impacts of the war between Russia and Ukraine on Ecuador’s banana exports and the challenges the industry faces.

“The war between Russia and Ukraine (markets which represent 25 percent of total banana exports) which started on February 24, deepened the crisis that the sector was already going through,” he said, referring to the already existing global logistics crisis.

For Ecuador, by the end of June 2022, an 8 percent decrease in banana exports was recorded, in comparison to the same period in 2021. Comparatively, at the end of 2021, the decrease in banana exports recorded had stood at 3 percent year-on-year. These figures clearly evidence the damaging impact the war has had on Ecuadorian banana exports.

According to Salazar, the fall in exports occurred as a result of different factors, including, but not limited to the cold weather, a decrease in production and an increase in the price of banana production inputs.

Fresh Fruit Portal