Huge China mart for premium bananas eyed

Homegrown conglomerate Anflo Group of Companies, through its newest subsiduary, the Anflo Banana Corp. (ABC), has partnered with a global agricultural firm to penetrate what is touted as the biggest and most flourishing China market for premium bananas.

The Davao-based banana firm is apparently taking advantage of the growing Philippine-China trade relation as espoused by the Duterte administration as it is signing a marketing contract with GoodFarmer Banana Trading Corp. (GoodFarmer) for its huge banana production in Davao Occidental, according to Alex N. Valoria, ABC president.

The marketing contract, he said,will allow ABC to have a better price for its produce, while providing the buyer with the best harvest possible.

“We are excited to partner with GoodFarmer because we know they are good in what they do,” Valoria said in a company statement issued Monday.

GoodFarmer is engaged in export-import business, including manufacturing, processing, transportation, sales and marketing of agricultural products.

Since its establishment in 2002, it has grown into a global supply-chain manager of high-quality agricultural products. Valoria said Anflo decided to partner with GoodFarmer due to its access to the China market.
“This will provide us with opportunities for huge market and will also allow us to study possible expansion of our farms,” he said, adding that the company is always on the lookout for expansion areas.
The agreement comes at a time when the Philippines and China have strengthened their trade and linkages boosted by the visit of President Rodrigo R. Duterte in that country a year ago.
The two countries have since been discussing about strengthening trade relation with the Chinese government as the two countries signed about $24 billion in trade agreements during Duterte’s visit to the middle kingdom.
In a press statement released after his visit to China, President Duterte said the two countries “have opened formal lines of communications between our government and agreed on the full resumption of the regular bilateral consultations mechanisms which were put on hold for several years.”