Alvaro Noboa Discusses the Imminent Future of the Banana Industry

Alvaro Noboa talks about the banana industry

Today Alvaro Noboa, Ecuadorian businessman and presidential candidate, talked about the bleak future that awaits the banana industry in Ecuador if measures are not taken. “Ecuadorians: I want to talk mainly about the banana problem and address the three most affected provinces for the banana problems: El Oro, Los Rios, and Guayas.”

The political entrepreneur explained the situation with an example, “This problem is like a cancer if we don’t cut it on time it will kill the banana industry, which is the non-payment of the official price of the banana crate.” Alvaro Noboa is a man who knows about numbers thus he pointed out that if in seven weeks the banana crate payments remain under its official price $3,50 the industry will collapse and more than one million of Ecuadorians will be out of a job.

Noboa addressed the conflict of the pirate contracts, where the producer has a full year contract with a bad system. This is the downfall for banana producers since they spent all their money in the high season and when the low season arrives they do not have the necessary income to maintain their plantation.

Afterwards Alvaro Noboa ratified that if in 15-days the situation is not corrected the banana industry will be completely broken. The pirate buyers pay $2 per crate this is the main reason of the current collapse of the banana industry. Lastly Noboa stated that a simple warning by the government would suffice to stop this problem. (AV)