- Category: Business
- Published on Saturday, April 09 2011 05:49
- Written by Rod Hughes
- Hits: 737
Caribbean weather conditions are blamed for the 11% decline in banana exports in January and February of $109 million. Still, the figures are better than the dismal $96 million in the same months of 2009. Last year, banana exports were $123 million during the two months.
National Banana Corporation (Corbana) general manager Jorge Sauma told Nacion.com that temperatures during the two months this year were cooler than normal and ripening was slower since the fruit is extremely sensitive to those conditions.
Although bananas are still this country's most lucrative agricultural export ($702 million last year) they no longer wield the economic clout they once did, before exports became more diversified.