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China buying more PH bananas

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China has signed new deals to buy more bananas from the Philippines through Fujian, one of its key cities, with strong Filipino-Chinese ties.

Top level executives of Fujian firms and Filipino businessmen signed 15 cooperation and joint venture agreements, including Philippine banana exports, at the recent business networking conference organized by the Fujian government and led by Governor Tang Dengjie and Department of Trade and Industry (DTI) Secretary Ramon M. Lopez.

Two agreements were signed on the purchase of Philippine bananas amounting to $4.51 million from Del Monte Fresh Produce and $ 6.27 million from Verde Horizon Agri-Ventures Corp.

See full article at Manila Bulletin