Colombian banana exports have experienced impressive growth during the first five months of 2024, with a 90% increase compared to the same period in the previous year. This surge has led to external sales reaching $530.7 million, significantly surpassing the $259.3 million recorded in 2023.

In terms of volume, exports reached 1.06 million tons during the first half of the year, a substantial increase compared to the 525,528 tons exported in 2023. This performance is primarily attributed to agricultural improvement and favourable weather conditions at the end of last year.

However, not all regions have experienced the same level of growth. The Caribbean region has seen a slight 1% decrease in exports, equivalent to 206,000 fewer boxes. This reduction has been linked to health issues in plantations and stress caused by high temperatures in the first quarter of the year.

Industry leaders have made significant strides in ensuring the Colombian banana industry's compliance with international sustainability standards. This commitment has facilitated access to the demanding European market and enhanced the industry's reputation for high environmental and social responsibility. However, it's important to note that this has come at a cost, with production costs increasing while selling prices have remained unchanged over the past decade.

The Colombian banana industry is at a crucial juncture. Industry associations have made a compelling case for price adjustments to offset rising production costs and ensure sustainability. The sector eagerly awaits government support to address these challenges and maintain growth in international trade.