Ecuador and the European Union sign a $14 million agreement to combat organised crime

2025-07-11

On Tuesday, July 8th, Ecuador and the European Union signed a cooperation program in Quito that will allocate US$14 million to strengthen the police, the judicial system and other institutions in the fight against organised crime and violence in the Andean country. The agreement, called the Security, Hope and Resilience for Peace Program (Serpaz), seeks to improve the state's capacity to confront drug trafficking, money laundering and insecurity in the context of growing violence.

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Fresh Del Monte's Zero Pineapple: A Sustainable Choice

2025-07-11

Fresh Del Monte's carbon neutral Zero pineapple exemplifies the company's commitment to sustainability, featuring an eye-catching black tag and third-party certification for sustainable growth. This initiative aims to reduce greenhouse gas emissions and includes efforts such as using reusable containers for packing bananas in North America. Ana Cristina Fonseca, VP of Product Management for North America, emphasised that sustainability has been a core value of Del Monte from the outset.

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Dole Japan transforms imperfect bananas into charcoal to combat food waste

2025-06-13

More than 60 companies in Japan are utilising imperfect bananas, which would otherwise be discarded, to combat food waste. Dole Japan Inc., the leader of this initiative, has introduced a new product called "banana charcoal." This innovative charcoal has attracted attention not only for its unique visual appeal but also for its ease of use and versatility in various applications. Japan imports approximately 1 million metric tons of bananas annually. Dole Japan handles between 200,000 and 250,000 tons of bananas each year, but around 20,000 tons are discarded annually in the Philippines, a major banana producer—due to not meeting market standards.

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Bananas Exported from the Philippines – Q1/2025

2025-06-13

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers.

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APM Terminals Moín Begins Modernisation Project to Enhance Efficiency

2025-06-13

In April 2025, APM Terminals Moín in Costa Rica launched a comprehensive modernisation project aimed at enhancing port performance and improving the customer experience, as stated in the company's announcement. The project is strategically scheduled during the country's low import and export season to minimise disruptions to trade. Its primary focus is on redeveloping the terminal's main access point to enhance speed and control in landside operations.

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Average Bananas Selling Prices in USA – Value in US$ per box

2025-06-13

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers. FOR SUBSCRIPTIONS AND ADVERTISEMENT PLEASE CONTACT admin@novamedia.ws

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Market Overview – Week 24/25

2025-06-13

In week 24, the price of bananas in St. Petersburg ranged from USD 23.05 to 24.30 per box CIF, depending on volume, brand, and packaging. Traders anticipate that sales will be unpredictable due to the extended holiday period from Thursday to Sunday for the Day of Russia festivities. Nearly 1.25 million boxes were discharged, and approximately 1.64 million boxes are expected for the upcoming week. The exchange rate was 1 USD=79.00 RUB. Prices for Ecuadorian bananas in the Mediterranean market ranged from USD 19.00 to USD 21.00 per box, CIF, while Central American bananas were priced around USD 18.00 per box, CIF. Prices varied based on brand, volume, packaging, and weight. In the Mersin Free Zone, the prices for re-exported Ecuadorian bananas were between USD 18.00 and USD 22.00 per box. In contrast, Central American bananas sold for approximately USD 16.00 to USD 18.00 per box. Traders reported a decrease in volumes compared to the previous week.

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Average Banana Selling Prices CIF in Russia – In US$ per box

2025-06-13

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers.

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Maersk Adjusts Transpacific Service Due to Port Congestion

2025-06-13

Maersk has announced changes to its TA5 transpacific shipping route due to ongoing congestion at northern European ports. Starting June 25, vessels will no longer stop in Rotterdam and will instead travel directly from Felixstowe in the UK to Hamburg, Germany. This decision is in response to "current operational constraints" that hinder regular scheduling.

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Bananas Exported from Ecuador-By Loading Port

2025-06-13

Sopisco News is the leading source of reliable premium news, no other newsletter covers the banana market like Sopisco News the information leader in the banana shipping and cool logistics industries. Complete information is available only to our subscribers.

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Dole Promotes Public-Private Partnerships

2025-06-06

On June 2, Dole announced new public-private partnerships to enhance its Information and Wellness Centers (CIBs), designed to provide essential services directly to farmworkers in rural Costa Rica. The announcement was made at the forum "Information and Wellness Centres: Public and Private Sector Partnerships that Improve Lives," where Dole signed memoranda of understanding with the Caja Costarricense de Seguro Social (CCSS) and Banco Popular. These partnerships reinforce Dole's commitment to inclusive development and equitable access to services.

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CR: Fyffes-sponsored Social Program Launches in Limón

2025-06-06

A new community investment program, funded by European consumers of Costa Rican bananas, aims to benefit families in the Limón region. In its first stage, the program will assist 200 families and is expected to expand to banana-growing communities in both the Caribbean and northern areas of Costa Rica soon. This initiative turns the purchases of Costa Rican bananas by European consumers into infrastructure and community projects that enhance the lives of people in these banana-growing areas.

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Uzbekistan is emerging as a significant importer of fruit

2025-06-06

While it ranks among the world's largest exporters of products such as table grapes, cherries, apricots, melons, and nuts, it has recently become an attractive market for foreign fruit suppliers. Despite the thriving fruit export sector, Uzbekistan's fruit imports have been growing impressively. Between 2021 and 2024, fruit exports increased from $341 million to $658 million, an impressive rise of 93%, effectively doubling the figure.

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Market Overview – Week 23/25

2025-06-06

In week 23, the selling prices for bananas in St. Petersburg were as follows: from Monday to Wednesday, prices ranged from USD 21.75 to USD 23.00 per box, CIF. After Wednesday, prices increased from USD 23.00 to USD 24.25 per box, CIF. These prices varied based on brand, volume, and packaging. During this week, approximately 1.415 million boxes were discharged, and the same amount is expected for week 24. The exchange rate for the period was 1 USD = 79.17 Rub. Prices for Ecuadorian bananas in the Mediterranean ranged from USD 19.00 to USD 20.00 per box, CIF. For fruit of other origins , prices varied between USD 17.00 and USD 18.00 per box CIF , depending on the brand, volume, and packaging. In the Mersin Free Zone, the prices for Ecuadorian fruit re-exported to neighbouring countries were between USD 19.00 and USD 22.00 per box, while Central American fruit was priced around USD 16.00 to USD 18.00 per box.

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Rising Prices of Canary Island Bananas: Causes, Impact, and Consumer Response

2025-06-06

Since the eruption of the La Palma volcano in September 2021, the Canary Islands' banana industry—particularly the "Plátano de Canarias"—has been under intense public and economic scrutiny. Initially, Spanish consumers responded with solidarity, purchasing locally grown bananas at a higher price to support affected farmers. This campaign, encouraged by institutions and individuals alike, aimed to offset crop losses caused by volcanic ash and lava.

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