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Group sees flat growth for banana industry msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
December 14, 2020 | 12:04 am Font Size
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DAVAO CITY The collapse in global banana prices has opened the door for South American producers to sell more of their product in major markets traditionally supplied by Philippine growers and exporters.
Stephen A. Antig, executive director of the Pilipino Banana Growers and Exporters Association, Inc., said countries like China, Japan, and South Korea are now a battleground for South American growers, who are facing oversupply in their home markets.
“COVID-19 encouraged consumers to eat healthy fruits and banana normally tops the list of popular fruits. Incidentally, there is an oversupply in South America and the price per box went down. So they were able to send their bananas to our markets at lower prices,” Mr. Antig said in an email interview.