The Association of Banana Producer Organizations of the Canary Islands (Asprocan), which brings together the six OPP-type entities that operate on the islands and, in turn, is the manager of the protected geographical indication (PGI) Plátano de Canarias quality label, has decided to temporarily suspend the ripening activity of this island fruit with certified quality by the company Bonnysa Agroalimentaria.

After four days of festivities, the banana fair ends in Angola. Local farmers, associations and cooperatives from several municipalities joined industry representatives from other parts of the country to discuss market expansion and their production strengths. Maria Antónia Nelumba, governor of Bengo province, on the closing of this 10th edition of the banana fair: "We will continue to produce and invest in banana processing, in order to take advantage of the entire production chain."

Banana Selling Prices in St. Petersburg ranged from USD 20.15 to USD 22.45 per box CIF depending on brand, quality, and packing. From Monday to Wednesday, prices were around USD 21.30-22.45 but they started to decline , reaching USD 20.15 per box CIF by Friday. Approximately 1.84 million boxes were discharged in week 27, and about 675,000 boxes are expected for week 28. The exchange rate was 1 USD = 88.12 RUB. Inflation accelerated to 0.66%, driven by higher service charges. The annual inflation rate now stands at 9.1% as of July 1, according to the State Statistics Service (Rosstat). Ecuadorean bananas in the Mediterranean were priced at USD 18.0-20.0 per box CIF . The actual price depended on brand, quality, volume, packing, and specific region. Bananas from Central or Southern America (excluding Ecuador) were sold at a lower price, around USD 2.0 per box less. In the Mersin Free Zone, re-exported Ecuadorean bananas started the week at USD 18.50-20.0 per box and later increased to USD 21.0-22.0 per box due to reduced fruit volumes.

PLP Congresswoman Kattia Cambronero advocates for a bill to prohibit 17 agrochemicals deemed hazardous by the Organization for Economic Cooperation and Development (OECD) and oversee the overall pesticide use in Costa Rica. Data from the Food and Agriculture Organization of the United Nations (FAO) indicates that Costa Rica uses the highest number of pesticides per hectare. The Food and Agriculture Data (FAOSTAT) database reveals that Costa Rica consumes 23.44 kilograms of agrochemicals per hectare.

Banana producers in Tembiaporã, Paraguay, were visited by Ecuadorian experts in fruit production. These experts will train the workers of the local banana plantations to improve the quality of production in our country and gain a larger space in the international market. Last year, Paraguay managed to export bananas for a value close to US$ 33 million, of which approximately 80% was harvested in Tembiaporã, recognised as the "Banana Capital" of the country.

Port Freeport has announced the execution of a lease agreement with Chiquita Fresh North America, marking a milestone in their ongoing partnership. Effective June 13, 2024, the parties have agreed to a 5-year lease term with an option to extend it for an additional five years. We are extremely excited about the continued partnership with Chiquita," remarked Port Freeport's Executive Director/CEO Phyllis Saathoff.

The Bureau of Plant Industry (BPI), a Department of Agriculture subsidiary, has issued Tropic Biosciences a noncoverage certificate for the Department Circular (JDC) 1, 2021 series. Tropic Biosciences has developed reduced browning bananas (TRB011011 and TRB11002) utilising the CRISPR-Cas9 gene editing system.

In April 2024, Colombia's agricultural and agro-industrial sectors saw a significant export increase, totalling USD 947 million. This represents a 22.9% increase compared to April 2023, as the nation's Ministry of Agriculture reported. Banana exports demonstrated the most substantial growth, increasing by USD 66.6 million yearly, a remarkable 100.3% increase. This was followed by coffee, which saw an increase of USD 48 million (22.7%), and flowers, which increased by USD 32.2 million (22.4%).

The Bolivian Government has allocated Bs 16,067,722.06 to strengthen banana, plantain and pineapple crops in the tropical region of Cochabamba. This investment will directly benefit the municipalities of Villa Tunari, Shinahota, Puerto Villarroel, Entre Ríos and Chimoré. The commitment was solidified by signing agreements between the Ministry of Rural Development and Lands (MDRyT), the National Fund for Integral Development (Fonadin), and the mayors of the benefiting municipalities.

Minister of Agriculture Jose Abelardo Mai emphasised that Belize must be prepared for Fusarium Wilt TR4, a deadly soilborne banana disease in South American countries like Colombia, Peru, and Venezuela. He expressed concern that TR4 could eventually reach all banana-producing areas in the Central American region, including Guatemala and Belize.

Bananas, the Philippines' top agricultural export to Japan, reached a total volume of 3.4 million metric tons from 2020 to 2023. On Tuesday, Agriculture Secretary Francisco Tiu Laurel Jr. expressed interest in reducing the tariff on banana exports to Japan to enhance further the global market presence of the Philippines' agricultural commodity. Laurel voiced his concerns at a media forum organised by the Philippine Chamber of Commerce and Industry in Taguig City.

Banana selling prices in St. Petersburg varied from USD 23.45 to USD 24.65 per box CIF. Brand, quality, volumes, and packing factors influenced these prices. Good demand contributed to the price boost. Lower volumes in the market also played a role. Approximately 1.195 million boxes were shipped in week 25, and an estimated 1.827 million boxes are expected to be shipped in week 26. The exchange rate was 1 USD = 84.96 RUB. Russia had 0.22% inflation for June 18-24 compared with 0.17% for June 11-17, 0.12% for June 4-10 and 0.17% for May 28-June 3, the State Statistics Service (Rosstat) said. Annual inflation quickened to 8.61% on June 24 from 8.46% on June 17, based on average daily data for June 2023 . Prices in the Mediterranean for Ecuadorean bananas were USD 19.0-20.0 per box CIF, depending on brand, volume, region and packing. Bananas from Central America sold at around USD 2.0 per box less. Prices in the Mersin Free Zone, where volumes shipped, were lower than the previous week, were around USD 17.50-18.0 per box for the re-exported bananas of Ecuadorean origin and USD 2.0 less per box for the fruit of Central America or Colombia at the beginning of the week and increased to USD 20.0-22.0 per box late in the week.

As liner operators become desperate for ships, charter rates have hit the $150,000/day mark. Maersk Line has agreed to pay this to charter Taiwanese regional carrier TS Lines' 7,000 teu building in Kota Valparaiso for three months. Just two weeks ago, CMA CGM chartered its sister vessel, Kota Callao, for $100,000/day, a record. After being employed by CMA CGM and Maersk, they will begin a long-term charter with Pacific International Lines. Last month, CMA CGM took another of TS Lines' 7,000 teu ships, T.S. Dubai, for $80,000/day for three to four months.

ORBCOMM, a global leader in maritime logistics, unveiled its next-generation CT 3600 reefer container monitoring device on June 26, 2024. The CT 3600 is engineered to streamline reefer container monitoring installation, deployment, and management for shipping lines and container leasing companies, minimising downtime and boosting efficiency.

The heavy rains caused by Tropical Storm Alberto have resulted in damage amounting to up to 3 million dollars in banana, corn, sorghum, soybean, and plantain plantations, which are currently flooded. Producers informed that their main concern at this moment is for the authorities to declare a state of emergency or disaster so that insurance coverage can be activated, as the penalty with the United States is set at $500,000 per week.