Bananas Exported from the Philippines – October/2023

2024-01-12

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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Ecuador: MSC transfers operations from Contecon to Bananapuerto

2024-01-12

On December 31, MSC completed its contract with the concession terminal operated by Contecon in the port of Guayaquil. In the future, its operations will go to the private terminal of Bananapuerto in the same port. During 2023, MSC mobilized some 200,000 containers in Contecon, representing about 30% of the total cargo received by this terminal.

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Turkmenistan's Enterprise to Increase Banana Cultivation

2024-01-12

Turkmenistan's 'Hemsaýa' economic society plans to operate another greenhouse area of 10 hectares for banana cultivation in the Kaakhka district of the Ahal region this year. Currently, the company has a greenhouse of 5 hectares in this area, where Cavendish bananas are grown, and more than 40 specialists work. The modern greenhouse has advanced equipment from Türkiye, Germany, and Spain, with an automated temperature and humidity control system.

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

2024-01-12

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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Security Crisis in Ecuador

2024-01-12

Ecuador ended 2023 with a record-breaking crime rate, marking the highest level of violence in the nation’s history. Official figures reported a total of 7,878 crimes committed up to December 31, 2023, translating to a rate of 46.5 violent murders per hundred thousand inhabitants. The alarming crime rate was compounded by a high level of impunity, indicative of narco politics and a compromised judicial system.

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Ecuador's fruit exporters say the military is securing operations

2024-01-12

Ecuador dispatched security forces to its main port terminals and some key transportation routes for fruit and cocoa to allow export operations to continue, exporters informed on January 10. Ecuador is the world's largest exporter of bananas and the third-largest global producer of cocoa, the chocolate-making commodity. The family of President Daniel Noboa has a large banana-exporting business. The country has been rocked this week by violence coming from criminal gangs linked to drug trafficking. Noboa said the Government is at war with the gangs.

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Ecuador: Business as usual for banana exports to Russia

2024-01-12

Ecuador is interested in maintaining its supply of bananas and other products to the Russian market, notwithstanding recent events where criminal gangs caused unrest after President Daniel Noboa ordered a curfew due to the escape from prison of one of the criminal group's leaders. The President later called the situation in the country an "internal armed conflict."

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Dole adds a shipping service for fresh fruit in North America

2024-01-12

Dole Food Company announced the launch of a new weekly vessel service called the Northeast United States, starting December 31, 2023. The expanded service will increase the capacity of tropical fresh fruits, including Dole branded bananas, pineapples, dragon fruit, mangoes, and limes, coming to the US from Colombia, Honduras and Guatemala into the Port of Wilmington, DE.

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Ecuador: Contracts Between Banana Producers and Exporters do not Reach 55%

2024-01-05

The deadline for the registration of contracts for banana exports leaving the country from January 1., to the different international destinations was met on December 31, 2023, and, according to exporters and producers, only some of the fruit was contracted. As established by the Banana Law, 100% of the fruit to be exported should have a contract as it is the only mechanism for exporting the fruit.

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Ecuador: Maersk Officially Begins its Operations at D.P. World Posorja

2024-01-05

DP World Posorja started in 2024, marking a new milestone in its fourth year of operations with the arrival of the Post-Panamax Maersk Evora, which officially inaugurates the exclusive calls of the Maersk line to the port operated by D.P. World in Ecuador. The Maersk Evora ship left Shanghai, passing through Manzanillo and Lázaro Cárdenas in Mexico before reaching Posorja in Ecuador. The vessel has a LOA (length) of 366 meters, a beam (width) of 48 meters, and a draft that can reach a depth of 15 meters.

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Market Overview- Week 01/24

2024-01-05

Banana selling prices in St Petersburg were USD 20.40-22.60 per box CIF according to brand, quality, packing, and volume. Demand for the fruit was weak due to very low temperatures -25 to -30 degrees C - which mainly affected street sales and discharge operations in the port of St. Petersburg. The long holiday period, which extends to Jan 8, is also among the causes of the drop in sales.

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Maersk will Pause all Vessels Bound for the Red Sea

2024-01-05

On January 2 2024, A.P. Moller–Meersk announced that it would break all ships bound for the Red Sea / Gulf of Aden, considering the recent incident involving Maersk Hangzhou and ongoing developments in the area. The situation is constantly evolving and remains highly volatile, and all available intelligence confirms that the security risk continues to be significantly elevated.

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Fixing problems with the Panama Canal would take years, experts say

2024-01-05

The Panama Canal Authority is studying possible solutions to the problems plaguing the canal due to the lack of rainfall. These include an artificial lake to pump water into the canal and cloud seeding to increase rainfall, but both options would take years to implement, if feasible at all. With water levels languishing at 1.8 meters below average, the Canal Authority limited the number of ships crossing it.

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Cameroon: Compagnie Fruitiere Establishes a New Branch

2024-01-05

The Mondoni Banana Company strengthens the presence of the Fruit Company in Cameroon. The Compagnie Fruitière de Marseille, leader of the banana market in Cameroon, recently launched a new subsidiary in the country. The Mondoni Banana Company (CDBM) has been operational since June 2023 and strengthens the presence of the French agro-industrial multinational in the Cameroonian banana market.

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Colombian Growers Stand Against any Reduction of the Banana Box Price

2024-01-05

European supermarkets are reportedly requesting a decrease of 1.30 euros on the price of a box of bananas, which prompted producers and exporters of the fruit in several Latin American countries to express their dissatisfaction with what they call "inconsistency between the sustainable practices required of producers and commercial practices".

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