Peruvian exporter takes 50% stake in land for grapes, organic bananas - FreshFruitPortal.com

Peruvian exporter takes 50% stake in land for grapes, organic bananas

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Peruvian exporter takes 50% stake in land for grapes, organic bananas

Agroindustrias AIB, one of the largest exporters in Peru, acquired 50% of Sociedad Agricola Jose Juan, which has 400 hectares in Piura, agraria.pe reported.

The move is about getting “profits from the desert” with technical irrigation, according to Mario Rivarola Morán, general manger of Inversiones San José SAC, which owns the other 50% of Sociedad Agricola. He said that half the land would be planted with organic bananas and the other half with grapes.

The company plans to export California grapes to the U.S., seedless to Europe and Red Globe to China.

“Planting will start in three or four months while we prepare the land. The first harvest will be in two years,” Rivarola said. “Right now we’re starting to clear and level the land.”

Rivarola said that Inversiones San José brings the capital while Agroindustrias AIB brings the technology and know-how. In 10 years, the investment will reach US $10 million, he said, according to the website.

Photo: inta.gov.ar

Source: www.freshfruitportal.com

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