Ecuador: Minister of Agriculture fines banana exporter 1.8 million dollars

Posted on December 27, 2011 • Filed under: Agriculture, Business, Ecuador, Politics

Ecuador’s Ministry of Agriculture has fined an exporter US$1.8 million for failing to pay the minimum US$5.50 for a box of bananas, website reported. The company will also have its export permit witheld for a month. The tough sanctions follow allegations by two producers that the exporter was not playing ball. A further 24 exporters have received a total of US$19,200 in fines for failing to file their shipment plans on time. Read Article

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