Spain: A banana production limit per hectare is established in the Canary Islands

Published 2024년 7월 25일

Tridge summary

Banana producers in the Canary Islands have agreed to new measures from the regional government to address a sector crisis. The Association of Banana Producers' Organizations of the Canary Islands (Asprocan) will limit and freeze the cultivated area eligible for aid from the Posei program, setting a production cap of 80,000 kilos per hectare to prevent fraud. Farmers can regain Posei aid if they diversify and then return to banana cultivation. Asprocan also offers incentives for business concentration, staffing, and market expansion. Due to low revenues and high costs in 2023, improving Posei's financial balance by 2027 is crucial. Collaboration with the Canary Islands Government and other European countries is essential for the sector's future.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Spain 07/25/2024 In the Canary Islands banana producers have accepted new measures from the regional government to deal with the crisis in the sector. Asprocan, the Association of Banana Producers' Organizations of the Canary Islands, has approved the limitation and freezing of the cultivated area eligible for aid from the Community Program to Support Agricultural Production of the Canary Islands (Posei). A production limit per hectare of 80,000 kilos will be set to avoid fraud. Farmers who diversify their crops will be able to recover aid from Posei if they return to bananas. Asprocan also offers incentives for business concentration, covering staffing needs and market expansion. 2023 was a difficult year with low revenues and high ...
Source: Fructidor

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