Distribution and Sale of Banana Plantations


News from Panama / Wednesday, June 13th, 2012

The area of Puerto Armuelles lies near the border of Costa Rica and has long been deserted by the large banana companies leaving high unemployment and a waste land where not much has happened to fill in the vacuum.  Now this action seems to be some progress towards settling with the former employees.  It will be interesting to see who gets the winning bid for the remaining 3,200 hectares as this would make an excellent palm oil plantation.

“The 5.600 hectares that belonged to the Multiple Services Cooperative of Puerto Armuelles, R. L. (Coosemupar) will be divided between 2,400 former employees of the cooperative, while the possibility of auctioning or selling the remaining 3,200 hectares is assessed”, reported Laestrella.com.pa.

The National Land Authority (Anati) is the body which will decide the legal status of coveted land for banana production.

There have been conflicts of interest on the part of various parties involved in the case that have caused clashes.