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Reactivation of [Del Monte's] Banana Production in Chiriquí

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The resumption of banana production is critically important for Panama, Chiriqui, and the District of Baru, imo.

The folks around Puerto Armuelles need the economic and social benefits which would be stimulated by the return to growing in the area.

http://www.prensa.com/provincias/Obreros-reactivacion-negociaciones-gobierno-Monte_0_4529547175.html

Baru

Expectations of an Early Reactivation of Banana Production due to a Reboot of Negotiations between the Government and Del Monte

With the resumption of negotiations between the government and the transnational Del Monte, former workers expect a prompt reactivation in Baru banana.

One of the spokespersons of the former workers, Alexis Morales, explained that during the meeting with the government it was explained that the difficulty that there is in negotiations with the company Del Monte is the sale of the land, since the Constitution prohibits foreign to be owners of lands that are less than 10 kilometers from the border.

In this case, 90% of the lands in which will explode the multinational are located less than 10 kilometers [of the border with Costa Rica].

Before this fact has been proposed that the government would buy the land to the exobreros and lease it to Del Monte or that the exobreros leased the land to him of Mount for a period of 25 years, Morales said.

He also said that he asked the authorities to investigate to persons who have invaded the land.

The Minister of the Presidency, Alvaro German said that were going to look for mechanisms to resolve the problem of the land. Assured that efforts are made to enable the firm to make an investment of up to $220 million, which would generate important sources of work.

Mention that after the agreement with the multinational, the document will be brought to the Cabinet Council for then to be submitted to the National Assembly.

"I am confident that the draft law will be submitted in this legislative period to that in the summer the company can start its investment in the area," said German.

Edited by Keith Woolford

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Does anyone know the logic behind the prohibition of foreign ownership of lands along the border?

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Reactivation of Banana Production in Baru

The draft contract with Del Monte establishes a period of 20 years, which is "extendable" and a minimum investment of $100 million over 7 years.

Friday, October 21, 2016

The Minister of the Presidency, Alvaro German, said that the contract being negotiated with the multinational Del Monte also establishes a performance bond of 5% of the total value of the investment.


German explained to Panamaamerica.com.pa that "... 'The negotiations have been delayed, but a negotiation like this is complex. There were specific issues, such as land, which was complicated by the fact that they can not acquire them. And also because multinational companies like Del Monte have their own internal 'protocols. "

"... Once the government approves the draft contract, this will have to be countersigned by the Comptroller and the National Assembly before being signed, said the minister during a forum to promote investment in the western provinces of Chiriqui, Bocas del Toro and Ngäbe Bugle." 

http://www.centralamericadata.com/en/article/home/Reactivation_of_Banana_Production_in_Baru

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Panama: Del Monte to Plant Bananas on State Owned Land

By Tom on November 15, 2016 in News from Panama
Post Views: 165

delmonte-banana

In addition to the lands belonging to the former employees of Coosemupar, the North American company Del Monte may also be able to use 4,000 hectares in the area that are owned by the state.

Depending on what is negotiated in the agreement between the government and Del Monte, the bill for which will be submitted to the Assembly in January, 4,043 hectares in the Baru area suitable for growing bananas could be used, land which is owned by the Panamanian government. These would be in addition to those leased by company, through the State, by the former employees of Coosemupar.

Prensa.com explains that “…The price at which the government will lease these lands caused a further delay. This led to a (government) team  … seeking a formula that pleased both sides. A source in the banana sector Baru said that at the start of negotiations Del Monte agreed to a price of more than $200 per hectare per year but with the right to a review. With the next agreement about to be finalised, the company requested an appraisal of these lands from the Comptroller.

“… Del Monte could ask the same price of $135, at which the State rented land to Chiquita Brands. In the end, this point may amount to $187.50.  Consulted on the price, the German minister said he could not provide information on this point, since the negotiations are not 100% complete. ‘That was the object of the negotiation, and we arrived at a reasonable figure for the state and for them (…) It was not what the state initially wanted or what they were asking for.’

http://panamaadvisoryinternationalgroup.com/blog/news-from-panama/panama-del-monte-to-plant-bananas-on-state-owned-land/

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President Varela just announced that Cabinet has approved a $100 million private investment by Banapiña s.a., a subsidiary of Del Monte, will be made in the banana growing regions of Alanje and Baru in Chiriqui, and around Chiriqui Grande in Bocas del Toro.

For us, this will hopefully mean that banana prices drop again. The birds at our feeder have been squawking about recent cutbacks due to the new price scale.

 

 

 

 

 

Edited by Keith Woolford

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Banana Production in Panama Reactivated

Del Monte will invest $100 million to produce bananas in Chiriqui and Bocas del Toro, and it is estimated that average productivity will reach 2,725 boxes of fruit per hectare per year.

Thursday, December 1, 2016

From a statement issued by the Presidency of Panama:

The revival of the banana-growing areas in the provinces of Chiriqui and Bocas del Toro will become fact, after Wednesday's Cabinet Council approval of the conclusion of the Contract Law that will allow a subsidiary of the transnational fruit company Del Monte to invest more than 100 million dollars in banana production, announced the president of the Republic, Juan Carlos Varela.

With the revival of this business through the company Banapiña of Panama, S.A., it is expected that about 3,100 direct jobs will be generated along with the consequent generation of 12,000 indirect jobs in trade and services.

http://www.centralamericadata.com/en/article/main/Banana_Production_in_Panama_Reactivated

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Panama: $100 Million for Banana Production

The Comptroller has confirmed the contract for Del Monte to invest $100 million in a maximum period of seven years, projecting an average productivity of 2,725 fruit boxes per hectare per year.

Thursday, April 6, 2017

The contract was endorsed by the Comptroller's Office, but requires the approval of the Cabinet and the approval of the National Assembly to become contract-law. 

From a statement issued by the Comptroller General of Panama:

The Comptroller General of the Republic, Federico Humbert, endorsed this morning an Agreement between the State and Banapiña de Panamá, S.A. This Agreement, in accordance with the terms and conditions, aims to develop a project designed to reactivate banana activities, creating new jobs and economic investments with direct and indirect impact on the social and economic aspects of the Barú-Alanje and Chiriquí Grande-Bocas del Toro areas.

It is estimated that the project will be developed in a period of no more than seven years with a minimum investment on the part of the company of ONE HUNDRED MILLION BALBOAS (B / .100,000,000.00), generating an approximate 3,100 direct jobs and the consequent generation of 12 thousand indirect jobs in trade and services.

 

http://www.centralamericadata.com/en/article/main/Panama_100_Million_for_Banana_Production

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$100 million banana deal creating 15,000 jobs

bananas-620x264.jpg

PANAMA’S COMPTROLLER  General has endorsed  a contract   in which  Del Monte will  invest $100 million over seven years,  creating over 3,000 direct and 12,000 indirect jobs.

It projects an average production  of 2,725 fruit boxes per hectare per year.

A statement issued by the Comptroller, Federico Humbert, said the agreement  between the State and Banapiña de Panamá, S.A. aims to develop a project designed to reactivate banana activities, creating new jobs and economic investments with direct and indirect impact on the social and economic aspects of the Barú-Alanje and Chiriquí Grande-Bocas del Toro areas.

“It is estimated that the project will be developed in a period of no more than seven years with a minimum investment on the part of the company of $100 million  generating approximate 3,100 direct jobs and the consequent generation of 12 thousand indirect jobs in trade and services.

 

http://www.newsroompanama.com/business/panama-4/100-million-banana-deal-creating-15000-jobs

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Moderator comment: Is it 15,000 or 3,000 new jobs? The same news organ can't make up its mind between two different articles. :(


 

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$100 million banana deal means 3,000 jobs

bananas-620x264.jpg

THE NATIONAL ASSEMBLY  has unanimously approved in second debate, a bill which guarantees a contract to revive banana production in Baru, creating 3,000 jobs and attracting a $100 million investment,

The contract is between the state and the company Banapiña de Panamá, S.A. ­ a subsidiary of Del Monte Fresh Products ­

Acting Minister of the Presidency Salvador Sánchez, explained  to the Assembly that the contract includes a lease of 4,000 hectares owned by the state and 1,700 hectares of private land that will be leased to the state. That land, in turn, will be farmed by Banapiña.

He said that the project also contemplates a development plan, not only in the task of planting and improving agricultural activities but also in the reactivation of the irrigation system and any other work necessary to increase banana activity with technology currently available.

The contract has a term of 20 years and is renewable for an additional 20 years, and has  the proviso that if the concessionaire meets the conditions of the contract, it is entitled to an automatic extension.

The company commits itself to investing at least $100 million over a seven­year period. The project will create some 3,000 jobs.

Sánchez added that the company must pay the municipal taxes to the district of the Barú,guaranteeing local revenue of $312,000.

“This will be a valuable investment, not only in terms of money, but also in improving the quality of life of the beneficiaries of that investment,” he said.

 

http://www.newsroompanama.com/business/panama-4/100-million-banana-deal-means-3000-jobs

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"generating approximate 3,100 direct jobs and the consequent generation of 12 thousand indirect jobs in trade and services " according to the Comptroller's statement.

* I do agree that Newsroom is often disappointing with their accuracy.

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A news article from page 20 of the July 27-August 2, 2017, issue of The Visitor / El Visitante. Note that the planting activity starts in year 2018, not 2017.

Del-Monte-Started-Plannting-in-May-2018.jpg

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Panama: Banana Production with Better Numbers

The renovation of plantations and a favorable climate explain the improvement in yield per hectare of bananas in Bocas del Toro, which in the last year rose from 1,700 boxes of 18 kilos to 2,600 boxes.

Monday, October 16, 2017

The figures were confirmed by representatives of Cooperativa Bananera del Atlántico (Coobana RL), which grows 550 hectares of bananas in Changuinola, Bocas del Toro. Of the total production, 60% is exported to Holland, 33% to Ireland and the rest is sold nationally.  

Prensa.com reports that "...A box of bananas is sold at $9.75, and every week between 20 and 24 containers of the fruit go to Europe, with an average of 1080 boxes weighing 18.14 kilos each."

See also "Central American Bananas: 78% bought by 3 Countries"

A favorable climate and the renovation of plantations has helped to improve productivity in the last year. Coobana reports that "... they managed to increase production by 53%."

Improved pest controls carried out on plantations has also had an influence on the positive results.

 

https://www.centralamericadata.com/en/article/main/Panama_Banana_Production_Figures_Improve

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