Banana’s price in Ecuador
What you will read ...Who is the largest exporter of bananas?Banana production in EcuadorExport bananas from EcuadorBanana packing for exportBanana's price in EcuadorBanana's price in market
There are more than 4500 producers of bananas in Ecuador that cultivate the fruit in more than 165000 hectares of farms all across the country. It plays an important role on their culture and cuisine and since its popularity and availability, banana’s price in Ecuador are usually lower.
From a continent view, Latin America has the perfect climate and soil for growing bananas and other tropical fruit. The banana quality in these countries are extraordinary and really high demanding all around the world. Latin American countries (excluding Mexico) have the highest dollar value of the banana export market with 58.5%.
Who is the largest exporter of bananas?
Annually more than 150 million tons of bananas are produced. India and China produce 29.1 and 13.1 million tons of banana annually, respectively. However, the largest exporter of the fruit is Ecuador.
Ecuador holds about 25%of the total banana export market and its products are being sent to more than 70 countries. The price of bananas in Ecuador is usually low. Due to its organic nature and the amazing taste and quality of the banana, its fruit is really popular.
You can also fine some interesting information about Ecuador’s banana export industry and its magnitude in this video.
Banana production in Ecuador
Ecuador is ranked 5th among the world’s largest banana producers and has an annual production of 8 million tons. This amount accounts for around 6% of the total worldwide production.
Ecuadorian banana grows mostly on private farms. It sold to national and international companies such as Chiquita, Del Monte, Dole and Noboa.
In this video, you can see a detailed description of the banana plantations, farming and harvesting in Ecuador.
Export bananas from Ecuador
Ecuador is the largest banana exporter of the world and its products account for around 25%of the total world market. 80% of this export also done by big fruit companies like Dole and Chiquita.
Ecuador’s bananas exported to 71 countries with Russia being the biggest importer with 21% of the total amount. Banana’s price in Ecuador is also cheaper.
You can watch this video to learn about Ecuador’s banana export and the countries importing them worldwide.
Banana packing for export
Bananas are among the fruits that can be ripened after they are picked. Farmers lose all or part of the banana. After removing the damage, they put them in cardboard boxes with some plastic materials to protect them.
They use plastic to keep the banana hands separate from each other and there is also some absorbent paper on the bottom of the cardboard box. There is a detailed description of the banana packaging process in this video here.
Banana’s price in Ecuador
Ecuadorian bananas have different prices in different parts of the world. Banana’s price in Ecuador are usually lower. But because of its high quality and amazing taste, prices in the imported countries are much higher than in Ecuador.
Also the type, size and season of the harvest are among indicators in the banana price. You can see how the price of bananas in Ecuador and other parts of the world is different in this video about bananas.
Banana’s price in market
There are a lot of factors in determining the final price of bananas in the market worldwide. The specie, size and season of the harvest are important in setting the price. Of course there are other things that effect the price like the shipping costs, storage, distribution, security and retail sale methods.
But with the advancement of technology, all these transportation factors are cheaper, safer and faster. Companies were able to lower prices and focus on their quality.
You can see some footage about the international banana price and indicating elements in this video here.
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