Chiquita Suspends Baru Banana Negotiations

The Brazilian company Cutrale-Safra, the new owner of Chiquita Brands, has stopped the negotiations which had been taking place with the Agricultural Association to rent the land and resume production at the banana plantation.

Wednesday, February 11, 2015

The directors of Cutrale-Safra consortium requested more time to analyze and review the financial information of Chiquita Brands, temporarily suspending negotiations which were being held with the Agricultural Association Rodolfo Aguilar Delgado (Aparad) to revive the cultivation and production of bananas in Baru.

Prensa.com reports that "... The Aparad producers, who belong to a group of employees of the defunct Cooperativa de Servicios Múltiples de Puerto Armuelles, had been negotiating with Chiquita Brands to rent their land for 20 years and receive an annual payment of $450 per hectare. The intention was to start planting 300 acres of bananas in the Baru region each year until they covered all 765 thousand hectares. "

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