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088 billion pesos (approximately 500 million yuan) within 4 years to increase local banana production and maintain the Philippines’ market position as the world’s leading banana grower
.
At a recent industry conference, the Philippine banana industry and experts proposed a roadmap for the banana industry from 2022 to 2025
.
The roadmap has developed interventions for three banana varieties in an attempt to restore and expand plantations affected by Fusarium wilt, increase banana yield and quality, and reduce waste
.
.
The roadmap has developed interventions for three banana varieties in an attempt to restore and expand plantations affected by Fusarium wilt, increase banana yield and quality, and reduce waste
.
According to the first draft of the roadmap, the government must reserve 2.
541 billion pesos for the Cavendish Banana Action Plan, and allocate 741 million pesos and 806 million pesos for the two varieties of Lakatan and Saba respectively
.
In the end, the annual output of Cavendish bananas will reach 55 tons per hectare, and the annual output per hectare of Lacatan and Saba will achieve an annual increase of 2%
.
541 billion pesos for the Cavendish Banana Action Plan, and allocate 741 million pesos and 806 million pesos for the two varieties of Lakatan and Saba respectively
.
In the end, the annual output of Cavendish bananas will reach 55 tons per hectare, and the annual output per hectare of Lacatan and Saba will achieve an annual increase of 2%
.
In addition, the road map also requires Cavendish’s planting area to increase by at least 1% per year, from 86,191 hectares in 2020 to 89,690.
7 hectares in 2025, and the output will increase from 4.
743 million tons to 4.
935 million tons
.
The planting area of the Lacatan variety will increase by at least 1% every year, from 60,962 hectares in 2020 to 6,3437.
3 hectares in 2025, and the output will increase from 925,400 tons to 1.
002 million tons
.
The planting area of the Saba variety will increase by at least 0.
5% every year, from 186,147 hectares in 2020 to 189,897.
96 hectares, and the output will increase from 2.
505 million tons to 2.
659 million tons
.
7 hectares in 2025, and the output will increase from 4.
743 million tons to 4.
935 million tons
.
The planting area of the Lacatan variety will increase by at least 1% every year, from 60,962 hectares in 2020 to 6,3437.
3 hectares in 2025, and the output will increase from 925,400 tons to 1.
002 million tons
.
The planting area of the Saba variety will increase by at least 0.
5% every year, from 186,147 hectares in 2020 to 189,897.
96 hectares, and the output will increase from 2.
505 million tons to 2.
659 million tons
.
In recent years, the Philippine banana production and export volume have been declining continuously
.
Earlier this year, Philippine banana exporters warned that the market share of Philippine bananas in China, Japan, and South Korea has been shrinking, and a large amount of market share has flowed to Vietnam, Cambodia and other Southeast Asian countries and banana producing countries in Latin America
.
In 2007, the market share of Philippine bananas in China was as high as 91.
52%.
By 2020, this number has dropped to 45.
5%
.
.
Earlier this year, Philippine banana exporters warned that the market share of Philippine bananas in China, Japan, and South Korea has been shrinking, and a large amount of market share has flowed to Vietnam, Cambodia and other Southeast Asian countries and banana producing countries in Latin America
.
In 2007, the market share of Philippine bananas in China was as high as 91.
52%.
By 2020, this number has dropped to 45.
5%
.
According to the Philippine Bureau of Statistics (PSA), the total export of Philippine bananas in 2020 is 3 million tons, a year-on-year decrease of 15.
61%
.
Banana export revenue was 1.
377 billion U.
S.
dollars, a year-on-year decrease of 16.
2%
.
61%
.
Banana export revenue was 1.
377 billion U.
S.
dollars, a year-on-year decrease of 16.
2%
.
