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Showing posts from November 22, 2016

ONE OF PERUS MAJOR EXPORTERS SOLIDIFIES POSITION

7 million dollars
Peru: Ag exporting company to invest in its own mango production

The Dominus agricultural exporting company will invest $7 million dollars in order to develop its own fresh mango production and double its frozen shipments, said CEO Victor Morales.


Traditionally, the company buys mangoes from its producing partners, but this year it acquired 120 hectares of the fruit, and expects to close the year with a 20 million dollar turnover. They also have 70 additional hectares to develop for the 2017-2018 period.


Mangoes represent 75% of the company's sales, and the rest comes from avocados. The company also provides export services for grape growers.






Destinations
With these investments, Dominus will increase its mango production between 15% and 20%, thanks to increased fruit collection, Morales said.


The company is beginning to explore markets in China and Korea. Currently, 85% of its shipments go to Europe and the rest to the United States.

The executive said that the price o…