Revaluation of the peso hits bananas and puts Colombian export sector competitiveness at risk
Sector faces increased labor, logistics, energy, and tax costs in 2026 Photo: iStock
TL;DR
- The revaluation of the Colombian peso is weakening the competitiveness of the export sector.
- Banana sales are in dollars, but production costs are in pesos, meaning a weaker dollar directly reduces producer profitability.
- Rising costs for labor, logistics, energy, and a planned increase in rural property taxes are increasing operational expenses.
- Global market prices for bananas are under pressure, limiting the ability to pass on increased costs.
- The sector generates over 19,500 formal jobs in regions like Magdalena and La Guajira and is the third-largest agricultural export.
- Asbama is urging the national government to implement measures to protect the export sector's competitiveness and encourage investment.