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January 10, 2023
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The price of bananas is influenced by quality and origin

En precio del plátano influye la calidad y la procedencia

The banana that comes from the Valverde province is the most expensive, since it is sold between RD$30.00 and RD$35.00 per unit in the markets of Greater Santo Domingo

The high price of bananas has not only been influenced by the low production time of the year and the impacts of the fiona storm last year, but in the markets the price of this also depends on its quality and its origin.

In it New Market of Agricultural Villasthe cheapest plantain sold yesterday was the Fiha (RD$10.00), which despite having a good size, is the one with the least consumption, unlike the Creoles, which are the most expensive and depends on whether they come from Mao, Barahona or of Azua.

Among these three, the plantain from the Valverde province is the one with the highest price, since it is sold between RD$30.00 and RD$35.00 per unit, while the barahonero is between RD$25.00 and RD$28.00, prices with which equalize the azuanos.

For the president of the Association of Agricultural Producers of the Espaillat Province, Julio AbreuIn addition to the low production and the rains that affected the plantations last year, the high cost that bananas currently have is also due to the prices in the marketing process.

“Sales channels are sometimes not the most appropriate, so everyone, producers, traders and market regulators, ConditionWe must, united, try to control this situation,” he said.

He specified that regardless of the low production and the cost of producing, the sectors have to meet to unify criteria and thus seek measures so that the banana does not reach more than RD$20.00 to consumers at this time, since by April and May there will be production, so prices should fall.

According to Fermín Almonte, a banana seller in the Mercado Nuevo, the thousand bananas are being bought between RD$28,000 and RD$30,000, a price that is, he says, quite expensive.

“Well, last year no cheap plantains were ever bought,” said Almonte.

We invite you to read: How to overcome the financial “hills”?

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