Dominican Republic: Banana Exports in Crisis
2024-01-12
At the beginning of 2024, for the second consecutive year, banana exports from the Dominican Republic, which is exporting less than 200 containers per week, have worsened, a decrease of more than 50 per cent." This information was revealed by the Banamiel group of the Northwest Line in a letter to its shareholders about the tragic drop in banana production, which has been worsening since mid-2023, caused by the unexpected impact of the mite and climatic adversities. Production on the farms is below historical lows, a circumstance that is exacerbated by low productivity and which further complicates the difficult recovery.
Many producers now direct their production to the local market, creating more significant pressure on exporters. Also, the change of crop for others has been generating an unpredictable drop in the availability of the fruit, and the most considerable alarm is that export volumes will continue to fall in the short term.