![]() Cardaba banana is main ingredient which used to processed banana chips. One big boast to the export potential of the Philippines is the banana chips. Has been further complicated due to the ongoing changes of international currency exchange rate. However during the recent years, producers of banana chips cannot readily adjust to the market prices since their contracts with importers were made 6 months before. In Mindanao, the producers of banana chips were the important participant in traditionally local banana markets, and control it market prices. And utilized 35% of the Cardava annual production to processed into banana chips. The country is also the main world exporter of banana chips, which (having been )exported to 30 countries with US and EU being the major importers.īanana Chips in Domestic and international Market Analysis (Domestic and Export Market of Banana Chips in Philippines) More than 31 producers of banana chips in the Philippines (a total of 41 manufacturers) are mostly found in Mindanao where banana Cardava is widespread and adequately available. Which had( It has )produced more than 9.2 million tonnes of bananas, accounting for almost 6 percent of the global production (the latest statistics in 2014). ![]() At present, Philippine is one of the world's largest banana producers which ranked as the fourth after India, Uganda, China. KBK, GMA News - See more at: More from: Philippines - One of The Top 4 Banana Producers Bananas are the fourth largest produced fruit crop of the world and grown by small-scale and large-scale producers alike. ![]() “With these projects at hand, the DTI aims to achieve a 30% growth in the domestic market and a 20% in the export market per years starting 2013,” Cruz said. The industry, initiate market information gathering, strengthen market promotions, and establish branding. The DTI, particularly its Regional Operations and Development Group, which is under Cruz, has also started the call for organization between the banana chip processors and suppliers to help set up standards for To address this problem, the DTI has been promoting cardava planting to banana farmers and has started to provide financial and technical support for cardava farmers and nursery operators. “The unpredictable supply of cardava banana for banana chips is mainly due to the dwindling land area used for cardava plantations,” Cruz said. Quoting from the Saba Banana Industry Investment Study launched by the Department of Trade and Industry, Cruz said these problems include the unpredictable supply of saba or cardava, lack of organization between the stakeholders, lack of support and financing, and the lack of established quality and safety standards. “As optimistic as the outlook for this industry is, it has been facing some serious challenges these past few years that could affect industry growth,” Cruz said during the Mindanao Banana Congress last November 8 at the SMX Convention Center. Cruz said there are 35 banana chip processors all over the country-25 in Mindanao, six in Luzon, and four in the Visayas- exporting to countries like Vietnam, USA, Germany, UK and Singapore. At present, the Philippines is the only country exporting banana chips. Cruz said this is good news since the worldwide snack food market value is expected to rise up to $300 billion by 2015, with 17 percent of that coming from the chips and crisps industry. ![]() According to Trade Undersecretary Merly Cruz, the export value for banana chips has been rising by 15 percent every year since 2009, with $36-million reported revenue last year. ROMANA The banana export industry in the Philippines, reeling from China's strict quarantine measures that has resulted in many rejected shipments, is pinning its hopes on banana chips’ good performance in the world market to rake in the dollars. PHL banana industry pins hope on chips for revenue Novem3:43pm Tags: bananas, bananaindustry, bananachips, by JULIA JASMINE MADRAZO STA.
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