Which Crops Have the Most Growth Potential?

In the Dominican Republic, avocado and bananas are the crops with the highest growth potential, because of the behavior of global demand.

Monday, June 24, 2019

The National Competitiveness Council of the Dominican Republic and the Inter-American Development Bank (IDB) presented the "Study and Diagnosis of Agricultural Chains" in which the analysis of ten value chains was carried out for agricultural products such as: avocado, cocoa, banana, coconut, mango, pineapple, greenhouse vegetables, oriental vegetables, chinola and cassava.

The study details that avocado production reaches $227 million, being the fourth growing crop and third in exports, with 5% of the volume in 2017. It is also the largest generator of jobs with about 400,000 and in the country there are about 15,000 producers.

You may be interested in "Crops: Main Figures in Central America

Among the arguments supporting that avocado is one of the crops with the greatest potential, Eldinero.com.do notes that "...  The more than 15 varieties of green peel avocado account for 80% of production, while the Hass variety represents 20%. World consumption grows faster than production, with imports of US$6.107 million in 2017 and growth of 15.6% annually (2013-2017). The Dominican Republic is the second largest producer in Latin America and is growing faster than its competitors, although it has the lowest producer prices.

In relation to bananas, the article adds that "... 92% of banana export plantations are organic. Most of the country's plantations are technical and many have international quality certifications. Imports in 2017 reached US$11.818 million (15% world production), with a growth of 1.6% a year between 2013 and 2017. Europe, the United States and Japan account for 99% of world imports of organic bananas. The export of organic fresh bananas is the main opportunity identified in the study, because it allows a differentiation and the European Union represents the best opportunity, for the tariff advantages that exist.

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