Skip to main content

Bananas in Charts: U.S. market supplies hit five-year low


Over the last few months, numerous weather-related issues have affected banana production in Central and South America.

The El Niño phenomenon has led to droughts, high temperatures, and heavy rains, among other issues, mainly in Costa Rica, Guatemala, Honduras and Nicaragua.

In this In Charts article, we will look at how banana volumes have behaved in the U.S., both historically and over the last few weeks of this year.

In the following chart you can see that current volumes in the market at a five-year low.

Historic volumes of bananas in the U.S. market


Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

Most banana supplies in the U.S. come from Central and South America and the Caribbean, with Guatemala the country that has historically shipped the greatest volume to the market, followed by Costa Rica.

In the chart below you can get a sense of the historic volumes from the different origins over the last nine years.

Arrival volumes in the U.S. market, by origin


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

In the chart below you can see how volumes in the U.S. from Costa Rica specifically have behaved historically and so far this year.

Historic arrival volumes from Costa Rica in the U.S. market


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

Meanwhile, Guatemala has seen a particularly pronounced drop over the last four weeks, with volumes in week 16 much lower than what they have historically been around that time of the year.

Historic arrival volumes from Guatemala in the U.S. market


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

Another heavily affected country is Nicaragua, which has already seen a substantial drop in volumes sent to the U.S. over the last five years.

According to local sources, the cause of this drop is largely related to the ongoing political crisis gripping the country, as well as lower competition with other suppliers.

Historic arrival volumes from Nicaragua in the U.S. market


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

Written by: Cristian Crespo
Original published in FreshFruitPortal.com on April 30, 2019 (Link)

Comments

Popular posts from this blog

Blueberry boom: Worldwide growth creates challenges for NW producers

Overview of the northwest blueberry season by Doug Krahmer of Berries Northwest, Cort Brazelton of Fall Creek Farm and Nursery, Kasey Cronquist of the U.S. Highbush Blueberry Council and Mark Hurst of Hurst's Berry Farm, complemented by charts from Agronometrics. Original published in www.capitalpress.com  on July 30, 2020 ALBANY, Ore. — On a seasonably warm July afternoon in the fertile Willamette Valley, Doug Krahmer stood between rows of organic blueberries and watched as a large mechanical harvester rolled slowly through the field, rattling bushes heavy with ripe fruit. Measuring a little more than 15 feet tall, 11 feet wide and weighing 7 tons, the harvester seemingly floated in the distance over neat rows while fiberglass rods, or “fingers,” shook the berries onto a conveyor belt that swooped them to the upper deck and into plastic crates. From there, the crates were loaded into refrigerated trucks and driven from the farm north of Albany, Ore., to a packing shed ea

Agronometrics in Charts: Demand for berries skyrockets in 2021

This time for the ‘In Charts’ series we will give an update as to how the average prices of berries have been behaving. Specifically, we will look at the prices of blueberries, raspberries, strawberries, and blackberries in the United States market and compare them with previous seasons. An increase in demand, brought on by the tendency to consume “superfoods” such as berries during the Covid-19 pandemic, seem to have pushed prices up despite the fact that volumes imported by the United States have been similar or higher than those of previous years. Let's look at each particular case: Blueberries Blueberry prices experienced a significant increase from week 3 of 2021, showing the highest prices of the last 5 seasons for the same date. If we observe the following chart, we can see that, for week 7 of 2021, the average price of conventional blueberries was $7.60 per kilo. This is 24 percent higher than in 2020 when the average price was $6.14 per kilo. Volumes for blueberr

Peru's blueberry oversupply takes its toll on export price

Overview of the Peruvian blueberry season, complemented by charts from Agronometrics.   Original published in FreshPlaza.com   on November 25, 2020  This year's Peruvian blueberry season began in June with the export of 1,010 tons worth 5 million dollars. These figures represented a 25% increase in volume and a 77% increase in value over the same month of 2019. The lower production in the northern hemisphere due to weather problems allowed producers to achieve attractive prices of $ 5.15 per kilogram in June. Volume (in Kg) of blueberry from Perú in the US market Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) The good reception of Peruvian blueberries and the increase in prices encouraged exports during July, a month in which the country shipped 4,808 tons (+ 108%) for 26 million dollars (+ 102%). In this month, the increase in the Peruvian supply generated a slight 3% fall in the typical prices of the month,