The Philippines's exports of its prized bananas last year plunged by 31 percent to a five-year low of $1.123 billion as the industry was plagued with a logistical problems and stiffer competition, resulting in lower volume of shipments. The double-digit decline of banana exports last year marked the second consecutive…
Export receipts from banana shipments in January to October 2021 declined by 35 percent to $926.937 million from the $1.435 billion recorded in the same period in 2020, according to the latest government data. In terms of volume, Philippine Statistics Authority (PSA) data showed that banana shipments during the 10-month…
Philippines: Region II crops like mung beans evaluated for export
According to the Department of Trade and Industry (DTI) and the Philippine Trade and Investment Center (PTIC), crops from Cagayan Valley (Region II) are being evaluated for their export potential to East Asian markets.
Tokyo-based PTIC commercial attaché Kenneth T. Yap said at a recent DTI webinar that the mung bean is showing potential for export even by small farming operations. Jose I.C. Laquian, the agriculture attaché at the Tokyo embassy, said that non-traditional channels are also being explored in Japan, such as vending machines, which have the potential to sell tropical fruit. “If we could go on creating a niche market, say for Region II bananas, I’m sure we have a ready story to tell from Region II and that would make a lot of difference,” Laquian said.