By Reuters Staff
3 Min Read
BOGOTA, April 14 (Reuters) - Colombia hopes to boost its banana exports by 10% this year, which would bring in $1 billion in income for the world’s fifth-largest producer of the fruit, an industry official said on Wednesday.
Despite the coronavirus pandemic and the presence of the fusarium R4T banana fungus, Colombia exported 109 million 20-kilogram boxes of bananas last year, up 9.3% from 2019, boosting earnings by 6.5% to $916.2 million, said Emerson Aguirre, president of the Colombian Banana Growers Association.
“Although the banana industry was blighted by these two pandemics, our figures were positive versus 2019,” Aguirre told Reuters, adding that the export target for 2021 was 120 million 20-kg boxes.
By Reuters Staff
1 Min Read
BOGOTA, March 26 (Reuters) - Colombia’s central bank board kept the benchmark interest rate at 1.75% for the sixth consecutive month on Friday, as expected by the market.
Nineteen analysts agreed in a Reuters survey last week the seven-member board would keep the rate steady to boost economic recovery amid controlled inflation.
The decision was backed by all of the board members.
The bank said it predicts economic growth of 5.2% this year. (Reporting by Oliver Griffin Editing by Chris Reese)
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BOGOTA Colombia’s central bank will hold its benchmark interest rate steady for the seventh month running in April to continue supporting the country’s economic recovery, but the market majority now expects rates to rise before the end of the year, a Reuters poll revealed on Friday.
All 16 analysts forecast that the monetary policy authority will leave the rate untouched at 1.75% at its meeting in a week’s time.
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Colombia wants to lift banana exports 10% in 2021, industry official says reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
3 Min Read
BOGOTA, April 14 (Reuters) - Colombia hopes to boost its banana exports by 10% this year, which would bring in $1 billion in income for the world’s fifth-largest producer of the fruit, an industry official said on Wednesday.
Despite the coronavirus pandemic and the presence of the fusarium R4T banana fungus, Colombia exported 109 million 20-kilogram boxes of bananas last year, up 9.3% from 2019, boosting earnings by 6.5% to $916.2 million, said Emerson Aguirre, president of the Colombian Banana Growers Association.
“Although the banana industry was blighted by these two pandemics, our figures were positive versus 2019,” Aguirre told Reuters, adding that the export target for 2021 was 120 million 20-kg boxes.