Ecuador: Traditional exports hit by crisis
Traditional exports from Ecuador, representing 56.7% of the total external private sales, declined…Traditional exports from Ecuador, representing 56.7% of the total external private sales, declined by $74 million between January and May 2016.
The poor performance of bananas, cocoa, coffee beans, processed coffee and fish was evident.
Bananas (including plantains) are in large part a victim of a reduction of the official price, that rose from $ 6.55 per carton in 2015 to $ 6.16 this year. Although there is a spot price that is not governed by that table, but by the market and that has been high this year. In figures, the drop was 4.4% and 2% in volume, according to the Central Bank.