7 News Belize

Belize’s Banana Buyer Bought By Japanese Company, Future Unclear
posted (January 19, 2017)
And while the Aquaculture industry is trying to reboot - the Banana industry is hoping it doesn't have to. That's because the main purchaser of Belize's Bananas, the Irish company Fyffes has been bought over by a Japanese company, the Sumitomo Corporation. The deal is worth tens of billions of Euros, as Fyffes is one of the largest Fruit companies in the world - but where does Belize fit into all that? That's what we asked the Agriculture minister today:…

The Japanese group has announced that it plans to keep Fyffes' management team and that it may eventually combine Fyffes with its existing banana-importing business down the line in five to 10 years' time. The future of Fyffes future in Belize is of pressing importance, because they have a significant number of high-yield farms under management.

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