Del Monte seals deal with Panama to invest $100 milion in bananas

Del Monte agreed with the government of Panama on an investment of at least $100 million to reactivate abandoned banana plantations in Chiriquí and Bocas del Toro, ver close to the border with Costa Rica.

The company will enjoy a lease of at least 20 years. Since 1990, the land has been abandoned but at that time it was rated as one of the region’s most profitable for the crop.

Full story in Spanish