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Laos prepares to export 12,000 tonnes of bananas to Russia

Soukhoungheuang company plans to sell 12,000 tonnnes of bananas harvested from its farmland concession in Savannakhet province to Russia.
The Vietnamese company plans to invest US$38 million in growing fruit trees on about 5,500 hectares in Nong district, Savannakhet province, and has cleared 1,900 hectares of land to plant the trees after planting out 700 hectares last year.
This included 400 hectares of bananas, 200 hectares of dragon fruit, and 50 hectares of passion fruit, with jackfruit, custard apple and other fruit being planted on the remaining area.

The company’s Deputy Director, Mr Nguyen Dinh, recently explained the project’s operations to local media during a visit by Savannakhet provincial Governor Mr Santiphap Phomvihane and his delegation to the farm.
The company is also preparing to build a packing house to process the fruit and expects to export bananas to Russia from July to October in accordance with the contract, Mr Nguyen said.
The company will be able to export dragon fruit, passion fruit, jack fruit and custard apples to other countries at a later date, he added.
Soukhoungheuang company has bought high-tech equipment from Israel to use in the planting, harvesting and packaging processes, to ensure the fruit is of suitable quality for export.
The company chose Nong district for its operations because the climate is suitable for fruit tree cultivation, especially bananas. Good yields have been obtained so far, with one hectare producing 60 tonnes of bananas, Mr Nguyen said.
The company is growing fruit trees under the 2+3 contract farming scheme, a system that creates jobs and generates income for people in the province and the district.
Bananas were expected to be the nation’s highest revenue earner among all agricultural exports last year.
In 2017, Laos earned more than US$167 million from banana exports, while in 2016 overseas banana sales amounted to US$197.8 million.
In the first three months of 2018, Laos earned over US$32 million, a drop of 38.7 percent compared to the same period of last year. The bulk of the crop was sold to China and some fruit went to Thailand.
Other major agricultural export earners are expected to include cassava, with sales projected to reach US$158 million. Raw coffee exports are forecast at US$113 million, rubber at US$77.5 million, and maize at US$60.2 million.

By Times Reporters
(Latest Update
May 25,

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