Philippine banana exports face difficulties

According to the Philippines "Business Mirror" (Business Mirror) April 5 reports, the Philippine banana growers and foodmate.
net/tag_227.
html" class="zdbq" title="Export-related food information" target="_blank">export Association (PBGEA), said crown by a new foodmate.
net/tag_4403.
html" class="zdbq" title="Epidemic-related food information" target="_blank">epidemic affected banana exporters due to rising transportation costs and delivery delays possible loss of at least 15 % Profit.
PBGEA Chairman Bakani said that this year's transportation costs have increased by 15% to 20% year-on-year, and the delivery time has increased from 25 days to 30 to 33 days.
The reason for the delivery delay is the continuous spillover effect caused by the congestion in the ports of China and Singapore since the end of 2020.
The traffic congestion caused the feeder ship to miss the scheduled connection date with the mother ship.

 

　　Affected by transportation problems, the market of Philippine bananas in China is gradually occupied by bananas from Vietnam and Cambodia.
In the past, 90% of China's banana imports came from the Philippines, and 10% came from Vietnam and Cambodia.
This year, 40% of China's banana imports came from Vietnam and Cambodia.

 

　　Bakani warned that the decline in Philippine banana exports, both in terms of quantity and value, is absolutely worrying.
According to the latest statistics from the Philippine Bureau of Statistics, banana exports in January fell 51% year-on-year to 186,000 tons, and the total export value fell 47% to 85 million US dollars.
In terms of value, Japan is still the largest destination for Philippine bananas, while in terms of volume, China is the largest export market.
In 2020, banana export revenue fell by 20.
6% year-on-year to US$1.
552 billion, and bananas fell to the sixth place among the main export products.