According to NOAA, during May, below-average sea surface temperatures (SSTs) continued across most of the central and eastern equatorial Pacific Ocean (Fig. 1). However, negative SST anomalies weakened during the past month, as reflected by the Niño indices, ranging from -0.6ºC to -0.9ºC during the past week.

Japan imported more than 1,500 tonnes of bananas from Vietnam worth JPY166 million (US$1.3 million), a year-on-year rise of 38.5% in volume and 30.2% in value, reports Japan Customs. According to Soichi Okazaki, executive officer of AEON Co Ltd, Japan is importing bananas from several markets, including Ecuador, Mexico, Guatemala, Peru, and Costa Rica.

China’s Ministry of Transport (MOT) wants the country’s ports to ramp up their reefer handling capacity to meet the growing demand for the import of refrigerated foods. The move follows shortcomings in the food supply chain being brought into sharp focus by the recent lockdowns. The ministry said ports must add at least 6,000 reefer plugs by the end-2023. Mainline operators are expected to have added 180,000 teu of reefer capacity.

A.P. Moller – Maersk (Maersk) is to open a new 45,000 square-metre cold chain facility in the Waikato District, New Zealand. Upon completion, the site will provide storage for 21,000 pallets of frozen and refrigerated products with more than 16,000 square metres of fully convertible temperature-controlled space. According to Maersk, integrating the state-of-the-art cold store with the depot and intermodal connections will provide better logistics solutions for import and export customers, catering to their increasing needs for more efficient, tech-enabled and temperature-controlled supply chains.

Network Shipping, Fresh Del Monte's ocean logistics arm, is driving growth for Fresh Del Monte's third-party services by further enhancing its platform through a rebrand that optimizes cargo space on Fresh Del Monte's 13 owned vessels — offering tailored shipping solutions to a broader audience amid continuous supply chain pressures. The company's recent rebrand improves its service functions with digital technology that better supports human interactions, including a renovated and easy-to-use interface that efficiently streamlines customer bookings and trade-lane information.

The Department of Agriculture (DA) is eyeing to boost banana exports to Japan, allotting P3 million for a marketing and public relations campaign of the Pilipino Banana Growers and Exporters Association (PBGEA). The said campaign aims to strengthen the Philippine banana industry’s market access and possible price increase in the international market. “The domestic banana industry is optimistic that the marketing campaign will enable producers to secure the support of Japanese consumers in our bid to adjust prices,” PBGEA executive director Stephen Antig said.

The Foreign Trade Promoter (Procomer) reported that $7 million fewer bananas were exported to the Old Continent between January and March compared to the same period in 2021. The available figures for agricultural exports from Costa Rica during the first quarter of the year were affected by the armed conflict, with a drop of 1% compared to the same months of the previous year.

Dominican Today reports that the banana sector has been hit by rising costs and falling prices in international markets. According to the local press, the increase in freight, fertilizers, and supplies such as boxes is a high-cost factor. The report relays that the aggravating circumstance is that the destination markets refuse to assume these cost increases. The report notes that the Dominican Republic exports about 455 containers per week, more than 90% of organic bananas.

Fresh Del Monte Produce declared a quarterly dividend on Tuesday, May 3rd. On Wednesday, May 18th, investors of record will be paid a dividend of 0.15 per share on Friday, June 10th. This represents a $0.60 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, May 17th. Fresh Del Monte Produce has decreased its dividend by an average of 5.9% per year over the last three years and has raised its dividend every year over the previous years. Fresh Del Monte Produce has a payout ratio of 30.6%, meaning its dividend is sufficiently covered by earnings.

Giving you the best ability to manage your supply chain is of the utmost importance to us, and as your integrated logistics partner, our aim is to ensure that you have the necessary information to better plan your logistical network. In line with this we would like to inform you about the latest developments in Russia. Earlier we have communicated A.P. Moller - Maersk would cease all our operations in Russia and Belarus. Maersk has now stopped all vessel operations in Russia and service with Belarus.

Bolivian banana producers in Cochabamba are in an emergency. According to press reports, the export of the fruit to Argentina fell by 70 per cent, and its price fell by more than 50 per cent due to the incursion of Ecuadorian fruit into the Argentinian market. In addition, there are restrictions from the Argentinian Government to prevent the departure of dollars from their country. In March, the Central Bank of Argentine (BCRA) established quite restrictive criteria for the release of dollars, according to the companies, but which guarantees, according to the official view, that imports are not used for over-storage.

On April 23, the first stone was laid to construct the maritime terminal in the Gulf of Urabá. Construction is estimated to be completed by 2025. The port has projected an investment plan of nearly US$400 million for the construction of a pier with five berthing positions and a double lane viaduct for the traffic of trucks between the platform and the port on land, which will allow the fluidity of up to eight tractor-trailers. The concession will last for 30 years, and the port terminal will be designed to serve container ships of up to 366 meters in length and 14,000 cargo containers, with a depth of 14.5 meters.

A.P. Møller - Mærsk A/S (APMM) has realized a financial performance for the first quarter of 2022 ahead of previous expectations with a revenue of USD 19.3bn, an underlying EBITDA of USD 9.2bn and an underlying EBIT of USD 7.9bn. The strong result is driven by the continuation of the exceptional market situation within Ocean, which has led to a 7% decline in volumes and an average 71% increase in freight rates compared to Q1 2021.

Three months have passed since the Cumbre Vieja volcano went dormant, and now it's time to recover what was lost. That is why it is essential to remember La Palma and the more than 500 families that depend on the cultivation of bananas in the Canary Islands. An activity that depends on legal measures to recover the sector generates more than 10,000 jobs throughout the island. Without cultivation, there is no work, and the lava damaged some areas of fertile ground.

The Government of Ecuador described as successful the meeting held in Berlin (Germany) between Latin American banana producers and European buyers, who insisted that they comply with the commitments of shared responsibility. Pedro Alava, Minister of Agriculture of Ecuador, the world's leading banana exporter, stated this last January called together the region's Ministers of Agriculture to demand respect for the price of the fruit.