Panama: Banana Exports Down by 45%

During the first quarter of the year, $16.4 million in bananas were exported, 45% less than the $29.9 million exported during the same period in 2008.

Thursday, May 7, 2009

The decline in exports is a direct effect of the COOSEMUPAR operation stoppage since September 2008.

"In the Pacific, COOSEMUPAR’s area of influence, there were only 152,831 boxes exported in the first quarter, reflecting a decrease of 93%. While in the Atlantic, the situation was less dramatic; there were 2.595 million boxes of bananas exported, a decrease of 8.2%," wrote Rafael Berrocal in Prensa.com.

Negotiations began yesterday between the cooperative and banana multinational Del Monte to complete the 25-year lease of the plantations, thereby financially rescuing COOSEMUPAR.



Market Intelligence

Everything about banana exports in Panama.

Top exporters - Quantities, amounts and prices.

more info

More on this topic

Panama’s Agricultural Exports Decline

June 2009

The decline of agricultural products exports have left losses of more than $20 million.

According to data from the Comptroller General of the Republic, a decline of 53% was reported for banana exports between January and April of this year, 68.85% in melons, 53.48% in watermelons, and 19.8% in pineapple compared to the same period last year.

Panamanian Exports Decrease by 50%

May 2009

At the end of the first quarter, $216 million were exported, 50.2% less than during the same period in 2008.

There were 255.5 million kilograms sent abroad, a decrease of 59.1% when compared to the first quarter of 2008, according to data from the Comptroller General of the Republic.

Panama - Fresh Del Monte Talks Fail

May 2009

Del Monte withdrew from negotiations for the operation of COOSEMUPAR, and a substitution through government investment is being considered.

Del Monte multinational withdrew from negotiations for the operation of Port Armuelles Multiple Services Cooperative (COOSEMUPAR) due to protests by cooperative workers, who blocked the border crossing between Panama and Costa Rica.

Panama: Banana Agreement with Fresh Del Monte

April 2009

IPACOOP selected the offer of $54 million by Del Monte for the rental of 3 thousand hectares from the COOSEMUPAR banana company for 25 years.

With the decision of the Panamanian Autonomous Cooperative Institute (IPACOOP), negotiations for an agreement between cooperative COOSEMUPAR and Del Monte for the rental of the banana plantations will begin.

 close (x)

Receive more news about Agronomy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Red de Negocios Centroamericana

Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786

Company Profile

Companies

Stock Indexes

(Jun 22)
Dow Jones
0.08%
S&P 500
0.21%
Nasdaq
0.32%

Commodities

(Jun 22)
Brent Crude Oil
45.75
Coffee "C"
116.85
Gold
1,250
Silver
16.550