Banana prices at low level, Ecuador

Posted on February 15, 2012 • Filed under: Agriculture, Business, Ecuador

Jose Pelaez has a banana farm in the La Iberia Region Guabo (Gold). The 600 cases last Thursday embarked on a transnational brand which exports to Europe. “They are now paying between 8 and $ 9, he was 11 earlier this year, but only lasted a week.”

He, like dozens of small producers in the area, not interested in signing contracts now, because they would lower the minimum reference price of USD 5.50. According to the Ministry of Agriculture (MAGAP) in Ecuador are 11 387 banana producers and 7 627 have less than 15 hectares (see graphs). Read Article

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email