Banana Exports Account for 73% of Cameroon's Total Under Five-Year Program

2026-07-10

In 2025, certified banana production represented 73% of Cameroon's total banana export volume, amounting to approximately 160,000 metric tonnes annually. This information was sourced from "Regeneration Takes Roots in Cameroon," a report released by the international NGO Rainforest Alliance. The report details a five-year program with a budget of $15.4 million (8.8 billion CFA francs), which was implemented from 2020 to 2025.

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Market Overview – Week 28/26

2026-07-10

In week 28, the price of bananas in St. Petersburg ranged from USD 16.60 to USD 17.25 per box, CIF. Approximately 1.05 million boxes were discharged this week. Local traders reported that one vessel scheduled to arrive in week 28 was rescheduled for week 29, during which around 1.835 million boxes are expected to be discharged. The USD exchange rate was 76.40 RUB. In the Mediterranean region, Ecuadorian bananas were priced at around USD 16.00-17.00 per box, CIF, depending on the brand, volume, region, and packaging. Bananas from Central America were sold for about USD 2.00 per box less.

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Philippines Pineapples Make Their Debut in the UAE

2026-07-10

The Philippines has expanded its agricultural presence in the Middle East by exporting fresh pineapples to the United Arab Emirates. On June 28, approximately 18 metric tons of premium MD2 pineapples arrived at the Port of Khor Fakkan, according to a statement from the Department of Agriculture (DA). This shipment consisted of 1,500 boxes sourced from farms in Tampakan, South Cotabato. To celebrate this significant milestone, Philippine government officials held a ceremonial launch at Dubai's Al Aweer Fruit and Vegetable Market.

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Colombia: Asbama Calls for Banana Sustainability

2026-07-10

The Association of Banana Growers of Magdalena and La Guajira (Asbama) is urging all stakeholders to ensure the sustainability of the banana sector, crucial for formal employment and rural development in the Colombian Caribbean. Executive President José Francisco Zúñiga Cotes states that while producers are improving their environmental, social, and labour practices to meet international market demands, they still face challenges. He emphasises that the costs of sustainable production are not reflected in market prices.

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Philippines: DA Strengthens Disease Mitigation for Bananas

2026-07-10

The Department of Agriculture (DA) in the Philippines is enhancing efforts to combat diseases impacting the local banana industry as part of its strategy to address a P10 billion farm trade deficit. Agriculture Undersecretary Philip Young highlighted the need for solutions to mitigate the effects of plant diseases on this vital export sector, which has seen a decline in its global ranking. "We once ranked as the second-largest exporter, but we're now fourth due to ongoing diseases," Young explained.

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Italy: Shipping Line Messina Invests in 200 New Reefer Containers

2026-07-10

The Genoa-based Messina Group has announced the addition of 200 new reefer containers to its fleet. These containers are all 40 feet in length and of the Pallet Wide (Pl) type. Each unit is equipped with Daikin Zestia refrigeration systems, Active Controlled Atmosphere (Aca) technology, global tracking capabilities, and remote monitoring and control.

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Maersk Changes AE15 Service Route to Suez Canal

2026-07-10

The AE15 shipping service, previously operating around the Cape of Good Hope, will now take the shorter route through the Suez Canal after improved security assessments. On July 6, 2026, Maersk and Hapag-Lloyd announced this route change for their AE15 service under the Gemini Cooperation network. Previously, vessels on this service sailed around the Cape of Good Hope due to security concerns in the Red Sea; however, they will now transit the Red Sea via the Suez Canal.

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Costa Rica: Moín Container Terminal Invests USD 7.1 Million

2026-07-10

The Moín Container Terminal (TCM) in Costa Rica has announced a plan to invest USD 7.1 million in 2026 to improve its operational capacity, advance technological innovation, and enhance operational sustainability. Costa Rican foreign trade is experiencing significant growth. In May 2026, TCM reported its highest-ever operational volume, totalling 64,722 container movements, including 20,069 export movements. This strong performance reflects the success of the export sectors utilising the terminal to access international markets.

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Cool Carriers Expands Fleet with Delivery of Second Next-Generation Snow-Class Reefer Vessel

2026-07-10

Cool Carriers has taken delivery of Snow Flake, the second vessel in its new-generation Snow-class series, following the arrival of its sister ship, Snow Flower, three months earlier. The vessel was officially named on June 29 at Kitanihon Shipbuilding in Japan during a ceremony attended by Chief Executive Officer Mikhail Ganyushin and Nikolay Pavlyuchenko, General Manager of Unireefer, the company's general agent in Ecuador, Peru, and Argentina.

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Maersk and ONE Launch Weekly Adriatic-East Mediterranean Service

2026-07-10

Maersk has introduced a new weekly ocean service connecting the Adriatic Sea with the Eastern Mediterranean, developed in partnership with ONE. This Adriatic Service links the ports of Koper, Venice, Rijeka, and Ancona with Damietta and Port Said, providing direct access from the Adriatic region to Egypt, along with onward connections throughout the broader Mediterranean.

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Lithuania's Limarko acquires its first bulk carrier from a Japanese firm

2026-07-10

Lithuania's Limarko Shipping Company has purchased its first bulk carrier, Limarko Norte, from an undisclosed Japanese firm for $20.5 million (€17.99 million). Built in China in 2018, this vessel has a deadweight capacity of 40,000 tonnes, raising the company's total transport capacity from 80,000 to 120,000 tonnes.

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In Loving Memory of Pasquale Mastricci, the Managing Director of Turin based Comaco

2026-06-26

With deep sorrow we announce the passing of Mr. Pasquale Mastricci an Italian entrepreneur of great experience and for decades a leading figure in the international banana trade. Since 1992 he worked with passion and competent in Ecuador, Colombia, Costa Rica, Mexico and other producing countries, contributing to the development of commercial relations between Latin America and Europe.

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Brazilian Banana Exports Decline 22 Per cent in April

2026-06-05

Brazilian banana exports declined significantly in April after a strong start to the year, primarily due to rising regional supply and intensified Competition, which reduced international demand. In April, Brazil exported approximately 5,952 short tons of bananas, a 22 per cent decrease from March, according to data from Hortifruti Brasil. Additionally, FOB revenue fell by 30 per cent to $24.13 million, according to Comex Stat.

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Peruvian Exports

2026-06-05

In the first quarter of 2026, the Piura department of Peru reported exports totalling US$954 million, marking an 11.6% increase compared to the same period in 2025, according to SUNAT data reported by ComexPerú. This figure accounted for 3.5% of Peru's total exports during that period, which reached US$27.217 billion. Lima led the nation in exports, totalling US$ 3.714 billion, followed by Arequipa at US$ 3.057 billion, Ica at US$ 3.026 billion, Áncash at US$ 2.558 billion, and Puno at US$ 2.409 billion.

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Market Overview – Week 23/2026

2026-06-05

In St. Petersburg, the price of bananas during week 23 averaged around USD 16.60 per box CIF, with sales ranging from USD 15.25 to USD 16.60 per box CIF, depending on the brand, volume, and packaging. Nearly 1.93 million boxes were discharged, and approximately 1.243 million boxes are expected in week 24. The exchange rate was 74.30 RUB for 1 USD. In the Mediterranean, prices for Ecuadorian bananas ranged from USD 18.00 to USD 20.00 per box CIF, varying by brand, volume, region, and packaging. Central American bananas were sold for approximately USD 2.00 per box less.

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