Ecuador lows banana sales to Argentina and Bolivia takes advantage

Ecuadorian banana exporters have reduced the shipment of the fruit to Argentina. It favours Bolivian producers who have increased exports by 35 per cent; the price also rose from $2.80 to $3.40 per box. Currently, producers send 1.9 million kilos of bananas per week to Argentina. In the first half of 2020, the economic crisis aggravated by the Covid-19 pandemic caused the Argentine market to decrease the purchase of national bananas by approximately 70 per cent, and a financial loss of $21 million was estimated.

Source: Los Tiempos