Economy July 27, 2018 - 1:14 pm

Glut prompts Govt. to buy surplus bananas for RD$100.0

President Danilo Medina visits banana growers. File.

Santo Domingo.- Minister of Agriculture Osmar Benítez on Thurs. said the Govt. will buy the surplus of bananas for around RD$100.0 million.

He said 16 .4 million bananas will be acquired weekly in the next 18 weeks, as international demand for the fruit has fallen and the Dominican Republic has been left with a glut for the lack of a market.

“We are going to acquire 5.4 million pounds that represent some 17 million bananas weekly, which currently have no market and will be used to feed low-income families, the military and police stations, with privilege to those located on the border, in addition to the government’s social plans,” said Benítez in a press conference.

He said the measure seeks to support the banana sector, which has demanded aid from the government for the collapse of international prices and the decrease in exports.

The official added that the measure seeks to stabilize supply and rofit growers. “It will benefit 1,634 producers, many distributed in 1,815 plantations nationwide.”

COVID-19

September 6, 2024 - 4:38 pm

Ministry of Health enhances plans for pandemic and respiratory epidemic response

September 6, 2024 - 2:36 pm

Abinader: Haiti crisis straining Dominican Republic’s migration, health, and education systems

September 1, 2024 - 8:00 am

Public Health assures there are no cases of monkeypox in the country

September 1, 2024 - 7:00 am

The country registers low incidence of respiratory viruses

MOST READ

Economy

Housing costs soar in the Dominican Republic

Local

Dominican government takes over traffic light network after three-day disruption in National District

Tourism

Brazilian tourist arrivals soar in Dominican Republic after visa elimination

Economy

Puerto Plata’s tourism rebounds

MORE NEWS

Local

Dominican Today journalist wins Pasaporte Abierto 2024 award, Dominican Republic receives multiple honors

Tourism

Project for sustainable sargassum management launched in the Dominican Republic

North Coast

Aerodom aims to bring the giant A380 to Puerto Plata

Local

What is now the Dominican Republic was home to the Samanese, the first humans to populate the Antilles nearly 5,500 years ago