EU And Central America Ratify Banana AgreementTuesday, June 1, 2010 An agreement signed yesterday allows the banana industry to export to Europe paying fewer tariffs. Currently, the tariff stands at 176 Euros per metric ton. With the agreement, it will be immediately lowered to 148 Euros, and will be gradually reduced to 114 Euros until January 2017. Latin America Accepts EU's Proposal on Banana TariffWednesday, November 18, 2009 The proposal accepted by Latin American banana producers lowers the tariff from 176 to 114 euros per ton. It will be gradually lowered until 2017. Banana Dispute Comes to an EndTuesday, December 15, 2009 Latin American banana growing countries landed a tariff agreement with the European Union. Under the terms of the new agreement, the tariff will be immediately reduced from 176 euros per ton to 148 euros. In the next 10 years it must be gradually reduced to 114 euros. Agreement to Lower Banana Tariffs ApprovedTuesday, January 18, 2011 The Trade Commission of the European Parliament approved the agreement reached by the EU and Latin American countries to lower tariffs on banana imports. The agreement was signed by the EU, U.S., Ecuador, Colombia, Costa Rica, Panama, Guatemala, Honduras, Mexico, Nicaragua, Brazil, Peru and Venezuela, in late 2009. Company Profile
Growers and exporters of fresh fruit from Costa Rica. Located in San Carlos and Guapiles, as well as our commercial office located in Massachusetts, USA. Project to Reactivate Banana ProductionFriday, October 6, 2017 In Panama, $13 million were approved to sign lease agreements with landowners where Del Monte will reactivate banana production in Barú, Chiriquí. With the disbursement approved by the Cabinet Council, part of the contracts to lease farms may be signed so that Banapiña, a subsidiary of Del Monte, can start the process reactivating banana production in Barú. Honduran Banana ExportsWednesday, July 31, 2013 So far this year 22 million boxes of bananas have been exported and it is expected that this number will increase to 45 million by the end of 2013. Considering that the U.S. market (the main destination for Honduran bananas) pays $13 per box, this volume represents about $286 million for large companies. Of that amount, approximately $110 million was paid to domestic producers, who sell each box for $5. Banana Agreement PostponedTuesday, December 1, 2009 Costa Rica ruled out the possibility of reaching an agreement for reducing European tariffs to banana this week. Marco Vinicio Ruiz, Costa Rica's Commerce minister, ruled out a banana agreement between Latin America and the European Union this week, because the technical meeting was suspended. New Markets for Honduran BananaWednesday, December 15, 2010 Asian countries have shown interest in importing Honduran bananas. Arturo Castillo, director of the Association of Independent Banana, said that the problems facing Costa Rica, Ecuador and Colombia in export to these markets are benefiting the national banana. Banana Export Revenues UpMonday, January 30, 2012 Despite lower volume exported in 2011 by Panama, sales revenues abroad grew by 30% compared to 2010. Last year 13.2 million cartons of green banana were sold and the value of exports from Panama increased by 30%, thanks to an improvement in international prices and productivity, said Roberto Santamaria, director of the Banana Program at the Ministry Agricultural Development. Coosemupar Negotiates with Banana CompaniesMonday, February 1, 2010 Officials from the Panamanian government are negotiating with Del Monte, Fyfess and Dole, in order to created a mixed, private-public company. The government’s delegation includes Leroy Sheaffer, from the Agriculture Ministry; Roberto Santamaría, National Banana Director, and two delegates from the National Bank of Panamá. Panama: $55 Million to Reactivate Banana PlantationsThursday, July 15, 2010 Russian-owned JFC Group has presented a proposal to resume operations at Coosemupar’s plantations. The three-year investment plan in the Puerto Armuelles cooperative (Coosemupar) located on Panama's Pacific Coast will look to renew the plantations, develop new irrigation and improve packing systems. Establishment of price of banana creates friction with Costa RicaTuesday, December 2, 2008 The establishment of a minimum price for the export of Costa Rican banana has once again cause serious friction between trading companies and independent farmers. The National Chamber of Independent Banana Farmers launched the petition last week for the price of an 18.14 kilo box to go up $8.66, up from the current $7.17, starting January 2009. Banana Boom in NicaraguaMonday, January 19, 2015 An improvement in international prices and an increase in export volumes are responsible for the 282% increase in revenues from banana exports in 2014. Banana export revenues at the end of 2014 totaled $8.7 million, i.e. $6.5 million more than reported in 2013. In regard to export volume, the figure rose to 22.9 million kilos compared to 9.7 million kilos in 2013. Banana Exports Rebound in Costa RicaTuesday, December 14, 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. |
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