Financial hardship in Argentina affects January exports of bananasFeb, 27, 2023 Posted by Gabriel Malheiros
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
Jan, 04, 2023
Ecuador reaches trade deal with China, aims to increase exports, Lasso says
Ports and Terminals
Jun, 17, 2022
Paranaguá Container Terminal to invest BRL 370 million until 2023
Mar, 18, 2019
Brazil plans to offer tariff-free wheat quota to the US
Jan, 30, 2019
Cocamar revenues rise by 16.2% in 2018