Iran's ban of agri products stalls 50M boxes of Davao cavendish bananas
By Mai Gevera
Davao City (7 October) -- About 50 million boxes of bananas from Davao region are stalled after Iran banned the entry of 48 agricultural products including Philippines' Cavendish banana.
Philippines' Banana Growers and Exporters Association (PBGEA) director Stephen Antig told the media that about $150 million or P6.5 billion revenues from the banana export are expected to be lost after the order.
PBGEA immediately called a meeting of its members to address the said looming problem.
Having 16,000 hectares of land planted with banana intended for the Iran market, PBGEA expects about 64,000 workers to be retrenched given the said ban.
Antig clarified that other countries cannot accommodate the supposed supply for Iran because these countries have already posted their demand target early this year.
This left banana growers scratching their heads on how to face the implications of the import ban.
They are also coming up with immediate actions to address the embargo problem and at the same time consider the number of banana workers affected by it.
It has caused a major strain on Philippines' banana industry since Iran is one of the largest markets for the Philippines' Cavendish bananas, following Japan, China, and Korea. (PIA-XI) [top]