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Tuesday, 23 February 2010

Jamaica to receive EU banana grant

Jamaica is set to get another multi-million dollar grant from the European Union (EU), through the Banana Support Programme. Tomorrow, the EU Banana Support Programme through Rural Agricultural Development Authority (RADA) will officially sign four additional grant projects. This will bring to ten the number of contracts, which have been selected under the programme. The Banana Support Programme is aimed at helping banana-exporting countries in developing states to pursue other activities because Europe is no longer offering to pay them higher than normal prices for their bananas. The EU wants the local banana industry to understand that increased liberalization of the market is eroding preferential access to European markets. It’s also helping banana farmers to increase the productivity of alternative crops, improve infrastructure, access training and establish new markets.

Source: Go-Jamaica