Spain: The Canary Islands allocate 8.5 million to offset the effects of the volcano in the banana sector

The Ministry of Agriculture, Livestock and Fisheries of the Government of the Canary Islands has granted direct aid valued at 8.5 million to compensate for the loss of income suffered by the owners of banana farms as a result of the volcanic eruption on the island of La Palma . The subsidies will be paid in the next few days to 1,899 beneficiaries through the Producer Organizations to which they are affiliated. The regional Executive has already paid three advances to the banana trees: the first, worth 13.5 million; the second, worth 1.1 million; and the third, whose amount amounts to 1.8 million. In total, more than 16 million already subscribers to which must be added the imminent payment of this quarter. With these actions, one hundred percent of the losses of the banana sector are paid until August 2022. The volcanic eruption that occurred in September 2021 on the island of La Palma, in the Cumbre Vieja area, in the municipality of El Paso, has had devastating consequences in ...