Colombia: Augura Announces Zero Tariff for Exports to South Korea

2021-08-27

The Association of Banana Growers of Colombia, Augura, announced the beginning of the zero-tariff for banana exports to South Korea, which took place with President Iván Duque's visit to this Asian country. "For five years, the FTA was signed with gradual elimination until it reaches zero tariffs to export bananas to South Korea. We will start a commercial activity with this benefit that will increase shipments to this market. The behaviour of foreign trade since 2013 is very positive, although given the history it is essential that in the future all efforts are made to maintain a sustained and growing demand, with the purpose that both countries obtain benefits", affirmed the president of Augura, Emerson Aguirre Medina.

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Plátano de Canarias Suffers the Consequences of High Temperatures

2021-08-27

A recent heatwave in the Canary Islands and the strong gusts of wind have affected agriculture, including the plantations of Plátano de Canarias. Agroseguro indicated that, due to the intensity of winds exceeding 90 km / h, on occasions, damages have already been claimed in almost 580 hectares distributed in about 2,300 plots. This phenomenon has affected others as well. The island of La Palma, where fires unleashed recently but remitted afterwards, has been the one that has suffered the most from the consequences of this phenomenon, with winds that blew in a southeast-southwest direction and very low relative humidity that fueled the fire.

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Maersk Raises Full-Year Earnings Outlook

2021-08-27

Maersk is making boatloads of profit as freight prices skyrocket. The company projects that demand will grow 6-8% for the rest of 2021; Q3 exports from China increase. As a result, it's adjusted its full-year earnings (before taxes, depreciation, and all that good stuff) from US$13-15bn to US$18-19.5bn. Explains Maersk: 'The strong quarterly performance is mainly driven by [chaos in the supply chain]'. However, its Q3 earnings will be volatile at best. Although earnings are expected to increase, Maersk expects sharp dips and spikes in demand.

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Cameroon: Banana Exports Increased in July 2021

2021-08-20

In July 2021, exports of bananas produced in Cameroon peaked at 12,459 tonnes, according to a compilation of statistics published by the Cameroon Banana Association (Assobacam). The exported shipments are up 764 tonnes compared to July 2020, when local producers shipped 11,695 tonnes to the international market. This improvement is the work of the Upper Punja Plantations (PHP) company. The local subsidiary of the Compagnie fruitière de Marseille posted exports of 10,352 tonnes in July 2021, 404 tonnes more than the 9,948 tonnes exported during July 2020. CDC performance also contributes to this improvement in export volumes.

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