News: Philippines eyes China, Malaysia, Middle East as new export market for bananas -
15 Nov 2010
MANILA, Philippines - The Philippines is eyeing China, Malaysia and Middle Eastern countries such as Saudi Arabia, Bahrain and Qatar as new market for its banana exports, Agriculture Undersecretary for special concerns Berna Romulo-Puyat said yesterday.
Puyat said there is a need to look for other export markets for the Philippine banana industry as the traditional markets of Japan and South Korea are nearing saturation.
The Philippines already controls almost 92 percent of the Japanese market and nearly 100 percent of the Korean market, she pointed out. Japan and Korea’s preference are for the Class A bananas supplied by big Philippine banana growers.
However, she pointed out, that there are still plenty of markets to grow for small banana growers.
Although the Philippines already has about 87 percent of the Chinese market, Puyat said there is still room for further growth because China’s market is so vast.
In the Middle East, there is even more room for growth, particularly in Bahrain where the Philippines only has a seven percent market share, and in Qatar with a minimal three percent share. Even in Saudi Arabia, Puyat said the Philippines is only ranked fourth among the banana suppliers.
Source: Philippine Star, Business Section, 10 November 2010
Posted By: PhilCTTIS Data Center
10 Oct 2010
BUSINESS DIRECTORY: ORGANIC, HERBAL & NATURAL PRODUCTS