Banana Exports Up 15% So Far This Year
Costa Rican banana exports so far this year have reached $580 million, marking a 15% increase over last year, National Banana Corporation (CORBANA) manager Jorge Sauma announced last month.
Increased tariffs imposed by the European Union Jan. 1 on banana imports from Latin America have not affected Costa Rican growers who, on the contrary, have seen an increase in sales, Sauma said.
The controversial tariff hike was debated by the European Union and Latin American banana-producing countries throughout 2005. Latin American countries argued the tariff hike would devastate their economies since the European Union is the country’s second-largest market for bananas, after the United States. (TT, Feb. 4, 2005).
So far this year, the number of bananas grown per hectare in Costa Rica has increased from 2,155 to 2,400 18-kilogram boxes.
Banana has shown the most positive growth this year among Costa Rica’s agricultural products. It is the strongest agricultural export and the second strongest overall export, surpassed only by circuits and microchips for computers.
Sauma attributed bananas’ success this year to relatively favorable weather and no natural disasters, which have caused the crop to suffer in previous years. Floods hit banana exports hard during the first trimester of 2005, he said.
You may be interested
Alajuelense eliminated in the Costa Rican ClausuraAFP and The Tico Times - April 21, 2019
Liga Deportiva Alajuelense tied 2-2 against the reigning champion, Club Sport Herediano, and was eliminated from the semifinals of the…
Costa Rica bets on ending fossil fuel use by 2050Marco Sibaja / AFP - April 21, 2019
Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks…
Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)Alejandro Zúñiga - April 18, 2019
Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…