PH regains as 2nd top exporter of banana


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The Philippines had reclaimed its position as the second top exporter of banana in the world, next to Ecuador. However, Filipino growers continue to clamor for government’s assistance to sustain its reputation. The support from the government is significant in the increasing competition with South American producers.

As cited in the report in the Business Mirror, United Nations’s Food and Agriculture Organization (FAO)’s preliminary report stated that  Philippine banana exports last year expanded by 77.34 percent . It is an all-time high of 2.95 million metric tons, from a recorded volume of 1.663 MMT in 2017. It’s promising performance reclaimed it position as the second largest top exporter of banana next to Ecuador. Significantly, Philippines obtained with 16 percent volume share of global shipment.

Accordingly, FAO identified that significant investments were made in area expansion, new technologies and improved inputs. These were made to address the  adverse conditions which affect the Philippine banana production.

Government support

According to the Pilipino Banana Growers & Exporters Association Inc. (PBGEA),  the growth in the country’s shipments would translate “higher revenues, more employment and bigger contribution to the Philippines’ Gross Domestic Product”.

Local markets are being urged to be more competitive in order to maintain country’s current position in the banana global market.

“Hopefully, we will be able to sustain good production this year. More so if we improve pest and disease management,” Stephen Antig, PBGEA Executive Director, imparted.

Respectively, he said that outbreaks of diseases may decline production due to destructive typhoons and other disturbances.

PBGEA is also working with the government in finding the right avenues for the reduction/elimination of tariffs in South Korea. These efforts are deemed to be prioritized in order to remain competitive against South American producers.

PSA report about PH Banana Industry

Philippine Statistics Authority (PSA) data showed that the value of the country’s banana exports in the January-to-November 2018 period grew by 23.61 percent ($1.345 billion, from $1.088 billion in the same period of 2017).

The value, according to PSA data, is already 19.24 percent over the total export revenue from the banana exports in 2017 of $1.128 billion.

Significantly, Japan remains the top most importer of Philippine bananas accounted for 34.73 percent of the market share in terms of value.

Source:

PHL reclaims rank as 2nd top banana exporter; growers seek govt aid

 


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An aspiring Agribusiness economist. I scribble more about agriculture, politics and economics.

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