Industry Update: Can Brexit disrupt European Union (EU) banana market?
European banana producers have been warned that all exports to the UK from third world countries could be well diverted to European Union (EU) post Brexit, and this would put immense pressure on EU markets. This was one of the decisions arrived at a meeting of EU banana producers, held earlier this year in Paris, to discuss the future of the industry. The meeting of the Banana Producers’ Association of Europe (APEB) was attended by industry representatives from several countries including France, Portugal and Spain. APEB made an analysis of the different scenarios the industry would confront post- Brexit, one of which is the diversion of bananas to EU countries, which was meant for the UK market. This comes in the light of the introduction of the new British…