Banana Market Overview

Banana is introduced into the Spanish Island in 1516 by Fray Tomas de Berlanga from the Canary Islands. The first exports of bananas made ​​them in 1906 with the UnitedFruitCompany plantations in Sosua and Puerto Plata. These
exports were abandoned as a result of a wave of cold and disease. In 1930, banana boats are made from Puerto Plata and Sánchez on small scales. In 1943 an agreement between the Dominican State and GrenadaCompany for
the production and marketing of banana in the banana project La Cruz de Manzanillo, Montecristi subscribe. In May 1946, GrenadaCompany takes its first shipment from the port of Manzanillo. In 1951 Frank L. Fraser and installed in Azua DominicanFruit SteamshipCompany. This company makes exports until 1966. In 1959 the export record of over 8 million stems from Manzanillo to Europe and the United States is implanted.

In 1966 and SteamshipCompany DominicanFruit GrenadaCompany and leave the country. In 1969 the land passed into the hands of GrenadaCompany Agricultural Bank of the Dominican Republic. In 1972 the Project La Cruz de Manzanillo, now owned by the Dominican State, carries planting GrenadaCompany old plantations, banana exporting to Europe and the United States. The export business melts in 1979 due to commercial litigation between COMUNBANA and the Dominican Agrarian Institute. Between 1979 and 1988 the estates Elizabeth, Mother and reseed Maguaca installing drip irrigation. Between 1988 and 1992 the installation of drip irrigation is finished in La Cruz de Manzanillo project and begins to market the company Fyffes. Dominican banana exports to Europe resume the repair dock Manzanillo. At the same time, the multinational United Brand Company Opens in Mao, which bought the fruit from independent producers by company Frudoca. It then changed its name to Commercial Los Lagos. Dominican banana industry begins its third time after 1995. During this year exported 72,995 MT. Since that time, exports, mainly to Europe, experiencing continued growth. In 2000 exported 79.004 MT up to 199.223 MT. Currently, some of the major exporters of bananas are Group Banamiel Dominican, Dominican Savid, Plantations North, Horizon Organic, and Bananas Banamek Maeños. According to data collected by the Dominican Association of Banana Producers (ADOBANANO), ratified by the Dominican Agribusiness Board, the country now has an estimated area of 160,000 jobs (10,000 Ha), while 45% dedicated to the production of organic bananas and 55% to conventional production. It has about 1,200 producers on two main areas: The Northwest Line and the Southern Region. In the Northwest, estánconcentrados producers in the provinces of Montecristi, Valverde, Santiago de los Caballeros and Santiago Rodriguez. In the Southern Region are concentrated in the provinces of Azua, Barahona, Baoruco and Independence. Dominican banana industry was favored with the Cotonou Agreement. This agreement releases the ACP countries from tariffs in the European market. Moreover, progress in organic production has enabled the country to position itself among the world’s leading exporter of organic bananas.

Currently in the Dominican Republic is leading banana exports of non-traditional agricultural products. In 2008 during the period from January to September was organic bananas in the Dominican ranking as number eight export according to the Center for Export and Investment of the Dominican Republic (CEI-RD). In March 2009 it was planted area of about 180,000 jobs, where 64% was organic and 36% conventional. Production is distributed in the provinces of Santiago and Azua (7%), Monte Cristi (33%) and Valverde (60%). Banana growing, their demand in the local market, was above the banana. However, the market opportunities for bananas abroad have led many producers focus on production for export, especially in the Northwest (Mao and Montecristi) and Azua. The opportunities in the international market have led some land formerly devoted to the production of rice, banana and other short-cycle crops are now used for banana production. The market potential and benefits, in general, the banana is generating for the country, producers and traders related to the sector make when you think of a crop with potential profitability think bananas.