Another proposal in addition to the one suggested to the government by the company Del Monte, seeks to revive banana production on the 1,700 hectares owned by the former employees of Coosemupar.
The proposal put forward by the Atlantic Banana Cooperative (Cobana) includes a feasibility study which states that "... the projection is that from the seventh year onwards annual earnings will be obtained of between $3 million and $4 million."
The multinational Del Monte is now joined by Cooperativa Bananera del Atlántico, whose proposal to reactivate production of the fruit in the area would involve a total investment of $35 million.
The cooperative which already produces bananas in Changuinola presented to the Association of Agricultural Producers Rodolfo Aguilar Delgado (Aparad) a proposal to invest $20 thousand per hectare in order to revive banana production in the area which is currently owned by the former workers of Coosemupar.
In the first eight months of 2015 the region exported 3.5 million metric tons of bananas, 2% less than in the same period in 2014.
Figures from the Central Agricultural Monitor, prepared by the Business Intelligence unit at CentralAmericaData.COM reveal that Central American banana exports have registered a slight decrease so far this year compared to the same period last year.
Del Monte has replaced Chiquita in the attempt to revive banana production in the 1,765 acres owned by the cooperative of former employees, in Chiriqui.
Previous negotiations were suspended earlier this year when the sale was announced of Chiquita Brands to the Brazilian consortium Cutrale-Safra, who requested an extension of the deadline for negotiations until next December.However, the company Del Monte has also shown interest in reviving the bananalands, and will be reviewing and updating its proposal for presentation at the next meeting to be convened in eight days.
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.
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.
Del Monte could withdraw its proposal to revive production in the area if the former employees and the government do not reach an agreement soon.
The American company Del Monte could withdraw its proposal to boost bananaproduction in Baru if the former employees of Cooperativa de Servicios Múltiples de Puerto Armuelles (Coosemupar) and the Government do not soon reach an agreement to select Del Monte or Chiquita Brands for the activity.
In Costa Rica there has been an increase in the incidence Diaspis boisduvalii and Pseudococcus elisae mealybug in crops on the Atlantic slope.
From a press release by the State Phytosanitary Service (SFE):
The State Phytosanitary Service of the Ministry of Agriculture has declared a national emergency for the term of one year, due to increasing populations with the Diaspis boisduvalii and Pseudococcus elisae mealybug which are causing severe damage to banana crops. It is estimated that the impact has affected about 24 thousand hectares, according to data provided by CORBANA and the National Commission of Musaceae.
Grupo Coen is already working on a project in Chinandega to triple Nicaraguan banana production.
It will plant 1,500 hectares of banana in Chinandega and will use modern systems for irrigation, drainage and air transport.
The project is being promoted by Grupo Coen. Every week ten hectares of banana are planted and it is expected that later this year they will have 520 acres cultivated. Piero Coen Montealegre, Coen Group's chairman, said that currently they produce two million boxes of bananas a year but with the new project this will increase to eight million.
METAGRO is a Guatemalan based manufacturer that provides high end solutions of agricultural transport equipment, we are focused on helping customers be more productive as they help to improve the quality of life for people around the world.
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As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.