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Seven countries urge supermarkets and shipping companies to assume the rise in banana costs

A joint position against the high production costs of musaceae and actions to fight against the phytosanitary threat of Fusarium Race 4 Tropical (Foc R4T) was agreed by the Ministers of Agriculture of Colombia, Costa Rica, Guatemala, Honduras, Panama and the Dominican Republic,...
Posted On 14 Jan 2022
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High inflation in the United States could generate an increase in prices of imported goods in Ecuador

The United States registered 7.0% inflation in 2021, that is, the highest since 1982. And with this, energy prices in that country rise to 29.3%, food by 6.3%, according to the CPI index. The indicator is a concern for US President Joe Biden, who promised to stop the inflationary...
Posted On 13 Jan 2022
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Ministers agree to promote, before international markets, an amount of compensation for banana producers and exporters due to rising costs

The Ministers of Agriculture of Costa Rica, Honduras, Guatemala, Colombia and Ecuador; and the delegates from the Dominican Republic and Panama agreed to promote an amount of compensation, before international markets, for banana producers and exporters from their countries....
Posted On 13 Jan 2022
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The World Bank moderates its growth projection for Ecuador in 2022 to 3.1%

The World Bank presented its update of the global growth projections on January 11, 2022. In the case of Ecuador, the agency estimates that the Ecuadorian economy grew 3.9% at the end of 2021. Previously, in October, it had calculated 3%. While for 2022 it foresees a growth of...
Posted On 12 Jan 2022
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Banana producers ask the Government for support to directly market the fruit with international supermarkets

The banana producers on Friday asked the Government for support so that they, through their associations, directly commercialize the banana with international supermarkets and not depend on the export sector for the output of the fruit. This, according to the National Federation...
Posted On 07 Jan 2022
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These are the 15 products that increased in price the most in the last year

Accumulated inflation (from January to December 2021) closed at 1.94%, according to data published by the National Institute of Statistics and Censuses (INEC). Monthly inflation in December was 0.07%. When analyzing the structure of the monthly variation of prices by regions, the...
Posted On 06 Jan 2022
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Ecuador calls for a Latin American meeting on bananas on January 12

The Minister of Agriculture and Livestock, Pedro Álava González, summoned his counterparts from the main countries in the region that export bananas and other musaceae, to hold a virtual meeting on January 12, to analyze and resolve a joint position against the high production...
Posted On 06 Jan 2022
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Guillermo Lasso assures that $1,000 million in productive loans will be delivered at 1% through BanEcuador

The President of the Republic, Guillermo Lasso announced this morning that a total of $ 1,000 million will be delivered in loans at 1% and a term of up to 30 years. He did it this morning, at the Cantonal Agricultural Center of Latacunga, where a public act was held in which 20...
Posted On 06 Jan 2022
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Production costs and the Fusarium 4 bring together ministers from banana countries

Analyze and resolve a joint position regarding the high costs of banana production and define strategies to combat Fusarium oxysporum f.sp. Cubense Raza 4 tropical (Foc R4T) in the region, are the issues that the ministers of Agriculture of the region will address on January 12....
Posted On 04 Jan 2022
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Banana and plantain exports fell slightly in 2021

A bad year for the banana sector. Exports of one of Ecuador’s star products fell 0.85% from January to November of this year, compared to the same period in 2020.  According to the Banana Marketing and Export Association (Acorbanec), the main falls are reflected in Russia,...
Posted On 30 Dec 2021
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