Dominican Republic

Bagrícola to finance pineapple cultivation for export to Europe and US

The Agricultural Bank from the Dominican Republic (Bagrícola) will finance pineapple cultivation for export to small and medium-sized producers in the provinces of Monte Plata and Sánchez Ramírez, with an investment of US$60 million.

According to the administrator of Bagrícola, Fernando Durán, the provinces of Sánchez Ramírez and Monte Plata have land in excellent condition for the production of high-quality pineapple, which meets the demands of the European and US markets.

“We have demand and market to undertake this project,” said the official in the meeting with the producers of the two organizations, which group more than 100 pineapple growers. He said that “with this investment we are making the necessary efforts to compensate pineapple producers who, because of the coronavirus pandemic, lost markets in the country and abroad.”

Source: dominicantoday.com


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