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  • brb120 brb120 Jun 3, 2006 2:32 AM Flag

    EU Banana Market Results

    Essentially the results are as expected.

    EU Banana Market Favours New Exporting Countries
    Publication date: 02 June 2006
    Author: Andr� van der Wiel
    from wwwfreshplazadotcom

    Tholen - The elimination of the European banana import license system has given new banana exporting countries access to the European banana market, which is generally considered to be a profitable market. Based on the first 2006 figures it appears that Brazil, Ivory Coast, Surinam, Guatemala, Jamaica, Peru and the Dominican Republic have clearly profited from the implementation of the new tariff of � 176 per MT.

    When the first three months of 2006 are compared to the same period in 2005, it appears that the exports per country have shown increases varying from 2500 to 15K MT. Exports from Ivory Coast increased from 44.871 MT to 60.657 MT, while Guatemala increased its exports from 78 MT to 1459 MT. Also traditional export countries like Ecuador, Colombia and Costa Rica have shown increases, but more moderate ones. The Ecuadorian exports to the EU increased during this period with 9% to 332.451 MT.

    Total European imports for the first three months in 2006 amounted 1.028.791 MT. This is an increase of 8% compared with 2005. The presence of new players on the market, like Ghana, Guatemala and Jamaica has had its effect on the market and according to Alfredo Montalvo, president of the Ecuadorian Association of Banana Exporters AEBE, these lots bring down the market, while traditional producers are trying to monopolize the market.

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