:. Food Industry News


France to Pay Advance EU Cash to its Banana Growers

Source: Reuters
04/11/2008

Brussels, Nov 3 - France has won European Union permission to hand out advance payments to its Caribbean banana growers still recovering from the effects of Hurricane Dean last year, a European Commission document showed on Monday.

Daily News Alerts

Normally, EU countries may only pay out their banana production subsidies as a lump sum between December and June. But under exceptional circumstances, and if a request is made to Brussels, the payment period can be brought forward.

"In August 2007, Hurricane Dean caused considerable damage to agriculture, in particular the banana sector, in the French departments of Guadeloupe and Martinique," the document said.

The hurricane had caused serious disruption to banana production, as well as "sustained and considerable" shortfalls in commercial revenue on both islands, it said, adding that the consequences were still being felt in 2008.

France was allowed to pay out up to half its 2008 budget of 381 million euros ($490.7 million) to subsidise banana producers in Guadeloupe and Martinique retroactively from mid-October, as long as it carried out spot and other administrative checks.

The EU's remotest regions receive extra aid under a scheme known as POSEI for the French, Spanish and Portuguese islands.

These are the four French overseas departments of French Guiana, Guadeloupe, Martinique and Reunion, the Spanish Canary Islands, and also Azores and Madeira, which belong to Portugal.

The Canary Islands are Europe's largest banana producers, and also enjoy by far the largest yield among EU producers. Martinique ranks second in terms of volume, then Guadeloupe.

However, EU producers only account for less than 20 percent of Europe's annual banana supply of some 4.1 million tonnes.

The lion's share of the balance comes from Latin America, with the rest provided by former European colonies in the Africa, Caribbean and Pacific group of countries.

Portugal grows bananas in Madeira and the Azores, as well as in the Algarve. Greece's banana growers are concentrated in Crete and Laconia. Cyprus also grows small amounts of the fruit.



GO   View more articles on this subject

Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Inter Weichert Appeals against EU Commission Banana...
Japan's Otsuka Pharmaceutical to Grow Nutraceutical...
France: Bakery Firm Neuhauser 31 Mln Euro Maubeuge...
France: Poult Panier Tanguy Buys Rougier Biscuits from...
French Pastry Producer Les Délices de Ninon in...
Belvedere Update on Reorganisation and Position of...
Moët Hennessy Acquires the Montaudon Champagne...
Ecuador Calls on EU to Settle Banana Dispute
Belevedere: Sales for the First 9 Months of 2008 at...
Dole Foods Does Deal with European Commission to Pay...

More in Food Industry News
EU Clears France's Diester to Buy Belgium's Oleon
Wal-Mart Dec Sales Disappoint, Cuts Forecast
Dollar Extends Losses vs Yen After Wal-Mart Sales
Campbell Soup Company Makes the Grade by Further Reducing...
USA: YoCream Announces Record Fiscal Year Sales and...
Inter Weichert Appeals against EU Commission Banana...
Opening of First U.S. Food and Drug Administration...
Upbeat Sainsbury Estimates it will Create up to 4,000...
Rwanda Expects Leap in Coffee Output, Income
Austria Retail Food Sector Annual Report 2008

Top Headlines
EU Clears France's Diester to Buy Belgium's Oleon
Wal-Mart Dec Sales Disappoint, Cuts Forecast
Dollar Extends Losses vs Yen After Wal-Mart Sales
In Situ Preparation of Whey Protein Micelles
Aroma-Producing Compositions for Foods
Modified Plant Gums for Preparations of Active Ingredients
Beverage Additive and Method of Making the Same
Nutritious Fabricated Snack Products
Temporally Meal Menu For Infants
Seven & I Posts 7.9 pct Q3 Profit Growth
Modified Vegetable Protein Having Low Levels of Phytic...
Inter Weichert Appeals against EU Commission Banana...
Process for Producing Sugars from Cellulosic Biomass
Opening of First U.S. Food and Drug Administration...
Upbeat Sainsbury Estimates it will Create up to 4,000...
Austria Retail Food Sector Annual Report 2008
Salmonella Outbreak Sickens 388 Across US: CDC
Sainsbury Q3 Sales at Top End of Forecasts
U.S. Food Prices Rise 7 pct in 2008 - Farm Group
Supervalu Profit Beats View, Cuts Costs; Shares Up
Thorntons Says Xmas Sales 2.3 pct Lower
China Marine Food Group Commences Production at New...
Wessanen Starts Buyout Process of Remaining Shares...
UK Shoppers Shifted Record Spending to Online Delivery...
Constellation Brands Reports Q3 Fiscal 2009 Results


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228