Cooperative sells only 12 percent of banana boxes in Panama

The Cooperativa de Servicios Múltiples de Puerto Armuelles (Coosemupar) sold at the Bolsa Nacional de Productos (BAISA) 416.477 boxes of banana, that is only 12% of the total offer.

Friday, April 4, 2008

The firm which bought bananas is the US based Latin Fruit Co. for 2,7 million dollars. The first shipping will be at the second week of April declared the BAISA manager, Abelardo Carles.
Total offer by Coosemupar is 4,8 millions of boxes from the week 16 in 2008 (April 2008) to the week 24 (June 2009)
Latin Fruit Co. bought the boxes to 6.50 dollar/box of 19kg of the Variety Cavendish (Category A). The offer for the Category A1 is the 88% of the whole production and could not be sold as declared Mr. Carles: "this is also the most expensive".

More on this topic

Costa Rica: "Green" banana farming gains industry appeal

May 2008

From splits and smoothies to breads and pies, bananas have become an international food staple. But growing this "fruit of wise men," as it was dubbed by famed botanist Carl Linnaeus, has become one of the worst activities for environmental health.

Vast acres of rain forest are cut down worldwide to create plantations, while workers spray tons of herbicides and pesticides to keep weeds, fungi, and root-nibbling pests away from the disease-prone banana plants.

Panama: 6 Proposals to Reactivate Coosemupar

November 2009

The name of the company that will invest in reactivating Coosemupar's banana plantations will be known before December.

The submitted proposals will be analyzed by Victor Pérez, Agriculture Development Minister, together with members of the Panamanian Autonomous Cooperative Institute.

Banana Exports Rebound in Costa Rica

December 2010

Although not yet reaching the numbers of 2008, exports in 2010 will exceed 20% of those in 2009 and are expected to continue to improve in 2011.

Weather affected production of bananas in 2009, when only 87 million boxes were sold overseas. In 2010 exports will reach 100 million boxes, valued at nearly $ 700 million.

Panama: 5,000 Hectares of Banana Plantations Sold for $40 million

May 2011

Government authorities have announced the sale of 5,600 hectares of banana plantations in Baru to a consortium of Panamanian investors.

Without disclosing the company concerned, the Minister of Agricultural Development, Emilio Kieswetter said that they are involved in cultivating banana, pineapple and citrus fruit and palm oil.

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