Nicaraguan banana exporter enjoys switch to Europe

In what used to be predominantly a U.S. market-focused business, a leading Nicaraguan banana exporter has shifted its strategy towards Europe and plans to double its production area by 2020.

Enrique Gasteazoro of grower-shipper Caipsa says his operation accounts for a quarter of what is a relatively niche industry compared to other banana-growing countries like Guatemala, Colombia or Ecuador, exporting around six million cartons of the fruit annually.

The buyer is Fyffes, and since exporting to the now Japanese-owned Irish company Gasteazoro has been more content with a “better situation than before”.

Source: Fresh Fruit Portal