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Friday, 12 February 2010

Fruit growers Ivory Coast looking at neighbouring countries

Could new African consumers make good the losses of African fruit exporters on the European market? That is the question large Ivory Coast fruit exporters are struggling with at present. The historical agreement, which during the middle of December ended a sixteen year long banana war between Europe, Latin America, the US and Africa will change much in Ivory Coast as surely as anything. Ivory Coast export to the European Union about 230,000 tons of bananas. But the African market share in Europe will probably decrease considerably during the next few years. The European Union will decrease the import levy on the cheaper Latin American bananas from the present 176 euro per ton to 114 euro per ton in 2017. With this the expense advantage of many producers in Africa and the Caribbean, who since 1993 could import their bananas toll-free in the EU, disappears. The EU make 200 million euro available for the stricken countries, but that is possibly not enough to cover all negative consequences.

Source: Fresh Plaza