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Private exportation hit by the crisis

Posted On 15 Jul 2016

EXPORTACIÓN - ECUADORTIMES

Traditional exports, consisting of five coastal products, representing 56.7% of the total external private sales, declined by $ 74 million between January and May 2016.

The poor performance of bananas, cocoa, coffee beans, processed coffe and fish was evident. The exception that proves the rule is shrimp, which has offset falling prices with an increased productivity.

Bananas (including plantains) are in large part a victim of a reduction of the official price, that rose from $ 6.55 per carton in 2015 to $ 6.16 this year. Although there is a spot price that is not governed by that table, but by the market and that has been high this year. In figures, the drop was 4.4% and 2% in volume, according to the Central Bank.

Source: http://expreso.ec/economia/la-exportacion-privada-impactada-por-la-crisis-CL490895

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