• Adverse effects on exports such as bananas, papayas, pineapples, (but counterparts in Japan, Korea not reporting infestation), amid territorial dispute with China o China to continue quarantine fruits from the Philippines (190 containers already allowed as of May 27, 2012) o China 2nd biggest importer of Philippine bananas (30% of total Philippine banana exports) after Japan o Bureau of Plant Industry: Banana exports to China dropped by about -90% after stricter quarantine measures (from 16,000 metric tons per month).
• Philippine banana exporters planning to stop exports to Iran, after payment delays (from 2 weeks, to more than 4 weeks starting Jan. 2012); Iran offering oil as payment instead
• Pilipino Banana Growers & Exporters: Fungus (Fusarium wilt) could wipe out Philippine banana industry in 3 years unless cure is found
• Cebu-based businesspersons targeting Russia as another market for Philippine banana exports (and other fruits such as mangoes), other than the US, Japan.
• First Pacific plans to invest in Philippine agriculture ventures on the production of cash crops such as sugar and bananas
• Department of Agriculture: Nothing definite yet on exports of Philippine bananas to the US (freight cost a concern; 27-day journey).
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