![banana](https://www.datamarnews.com/wp-content/uploads/2022/01/banana.jpg)
Financial hardship in Argentina affects January exports of bananas
Feb, 27, 2023 Posted by Gabriel MalheirosWeek 202309
Brazilian banana exports dropped in January compared to the same month last year. According to Secex, the volume shipped was 7.28 thousand tonnes, down 12%. As a result, revenue dropped 9%, amounting to just US$ 2.98 million (FOB).
See below Brazil’s exports of bananas (hs code 0803) transported in containers from Jan 2019 to Dec 2022. The data is from DataLiner.
Brazilian banana exports | Jan 2019 – Dec 2022 | TEU
Source: DataLiner (click here to request a demo)
This drop is due, despite the good volume harvested here, to financial obstacles in Argentina, one of the leading importers of the Brazilian fruit. Furthermore, there was a plentiful supply of bananas at lower prices and higher quality in Paraguay, Brazil’s main competitor. The scenario for February should be similar.
Source: HF Brasil
To read the original report, please visit: https://www.hfbrasil.org.br/br/banana-cepea-entrave-financeiro-na-argentina-afeta-exportacao-de-janeiro.aspx
-
Dec, 02, 2021
0
Brazil sets record in US gas purchases after water crisis
-
Economy
Jun, 22, 2023
0
China’s imports of Brazilian products surge to USD 89.4 bn in just 20 years
-
Grains
Jun, 15, 2021
0
Record soy crop
-
Mar, 15, 2021
0
Brazilian fruit exports grow 18% YoY in January