DBPL records a 30% decline in sales for the year 2009, as compared to 2008
The Dominica Banana Producers Limited (DBPL) has recorded a 30% decline in sales for the year 2009, as compared to 2008. Chairman of the of DBPL’s Board of Directors Mr. Luke Prevost made this disclosure while presenting his annual report at their 8th Annual General Meeting held at the Marigot IRDC Facility on Tuesday August 31st, 2010. He said that during 2009, exports consisted of 716 tonnes of bananas, 65 tonnes of plantain and 24, 600 tonnes of dry coconuts. According to him, exportation of bananas declined by 614 tonnes while there was a slight increase in plantain exports.
According to Mr. Luke, ‘the drop in farm production as well as their inability to maintain adequate stocks due to delayed payments of subsidies by the Government led to a decline in sales level of Agricultural inputs.’
He said ‘as a result of this our total sales for 2009 was $4,964,000 which reflected a 30 percent decline compared to 2008.’
In looking forward, he said that the Company will continue to override its many challenges.
At the end of the meeting, Former Prime Minister of Dominica Honourable Edison James was named as the Top Banana Producer for 2009 while Shirley Durand was named as the Top Plantain Producer. Reginald Armour and Russell Greenaway received the awards for producing the most dry coconuts and poultry products, respectively.