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Ecuadorian Banana Could be Purchased by Cuba and Venezuela

Ecuadorian government confirmed the interests that Cuba and Venezuela had about the acquisition of banana surplus from small producers which the regime proposed to buy from, but this decision could lead to losses. In order to purchase the fruit, the Ministry of Agriculture,...
Posted On 26 Aug 2011
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MAGAP Will Take Over the Country’s Banana Surplus

Starting tomorrow, the Ministry of Agriculture, Livestock and Fisheries (MAGAP), will begin with the purchase of the Ecuadorian banana surplus that has not been exported due to the crisis in international markets. The State will shop every week an estimated of a million bunches...
Posted On 25 Aug 2011
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3 Different Industries are Affected by Banana Crisis

Banana collateral industries are suffering because of the global crisis losses that caused the export of the fruit to drop by more than one million crates in recent weeks. The situation has led to an aggressive effect on three production lines: cardboard, plastic and sale of...
Posted On 24 Aug 2011
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Banana Producers Meet with the Government

Banana producers of Guayas, El Oro and Los Rios provinces, met Monday with the Ecuadorian Vice President Lenin Moreno, to discuss the crisis in that sector. At the meeting, representatives of various associations of producers asked to maintain the official price of the banana...
Posted On 22 Aug 2011
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Emergency Measure was Approved due to Banana Crisis

The excess of banana production in the Ecuadorian market will be bought by the Estate to alleviate the crisis that the country is suffering due to banana crate price decrease. Such measure will be taken next week according to the decree of the Minister of Agriculture, Stanley...
Posted On 19 Aug 2011
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MAGAP Signs Agreement for Banana Crisis

The Ministry of Agriculture, Livestock and Fisheries validated the report emitted by the Director of the Banana program on August 17 of 2011, which said that the banana is suffering a crisis due to the international market. The decrease of the banana crate occurs because of the...
Posted On 18 Aug 2011
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A Credit by CFN was Opened in Ecuador for the Banana Sector

An emerging line of credit for the banana sector was introduced today by Camilo Saman, chairman of the National Financial Corporation (CFN for its Spanish acronym). Loans from $ 100 thousand to $ 2 million per transaction (each export) will be given only to Ecuadorian producers....
Posted On 15 Aug 2011
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Crisis in USA and Europe could affect the Ecuadorian Market

The main commercial partners of Ecuador are threatened by the economic crisis that the United States has due to its debt. Meanwhile the European Union struggles to control the changes generated by the indebtedness of its partners. According to the numbers of the Ecuadorian Banco...
Posted On 02 Aug 2011
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Supermarkets seek Direct Purchase of Ecuadorian Bananas

Major supermarket chains in the U.S., Britain, France, Germany, and Italy seek to directly negotiate the purchase of Ecuadorian banana with local producers. The new purchasing system, which is present in other countries like Colombia and Costa Rica, has become an international...
Posted On 28 Jul 2011
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Tax Collection Increases in Ecuador

In its first semester of tax collection, Ecuador gathered $4,890 million in payments, this represents an 18,4% increase than last years. The Internal Revenue Services, IRS (SRI) submitted the report. The goal of this year is to gather $8,700 in taxes, during the six first months...
Posted On 20 Jul 2011
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