Ecuador banana sector reeling from effects of Russian invasion of Ukraine

The Ecuadorian banana industry is feeling the impact of disruptions related to Russia’s invasion of Ukraine, with already more than a million boxes of unshipped fruit as a result.

According to a report in El Universo, the impact comes from the complete closure of Ukrainian ports, the disruption of trade routes to Russia, the devaluation of Russia’s Ruble, with loses of around US$2.5 million per week.

The Ecuadorian Federation of Exporters (Fedexpor) said that this is an impact being felt not just in bananas, but also in the shipments of other primary products produced by the South American country, such as flowers and shrimp.

Fresh Fruit Portal