Date 2010 to hold 1st banana gab

Subscribe Now October 06, 2010 at 12:25am

This year's Davao Trade Expo (Date) highlights the Agriculture Industry, which continues to prove its worth as the driving force of Mindanao's, if not the Philippines', economy. This year's expo will stage the 1st Philippine Global Banana Summit, a global conference that gathers Philippine and foreign business leaders from banana producing countries aimed at addressing challenges faced by stakeholders of the said industry. The Philippines Banana Growers and Exporters Association director Stephen Antig told the Sun Star the industry was "shocked" by the ban. "Currently we are still at a loss with what happened," he said.

Banana exporters from the Davao growing region were scheduled to meet on 4 October to discuss the ban's implications and explore possible actions to limit the impact of Iran's embargo, which has been imposed indefinitely.

The ban is expected to hit the Philippines banana sector hard, since Iran is the Philippine's fourth largest export market for Cavendish bananas, after Japan, China and Korea.

As well as bananas from the Philippines, Iran has also reportedly banned the entry of 48 other agricultural products, including apples from France, pears from China and oranges from Egypt.

Source: sunstar.com.ph



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