Plantain questions!!

miamipoker

New member
Aug 19, 2008
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I'm looking at investing in plantain farm in the DR. I'm doing so preliminary research and had a question.

I've heard the current retail price of a plantain is about 8 pesos. At least as of July. Is this still correct?

I've also heard that before the 2007 hurricane the prices were at about 5 a plantain. Is that also correct?

One more question.. I doubt anyone would know, but I'm also trying to confirm the wholesale versus Retail price. I'm being told currently plantains are selling wholesale at about 5 pesos each. Our 1st harvest will be about 600,000 plantains. I'm being told they can be sold Wholesale currently at 3 million pesos and just trying to do some intial research.

Thanks

MP
 

fightfish

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Jan 11, 2008
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In 2007 it was normal to buy plantains roadside in Santiago for 2 RD each in a bunch of about 20 on the stalk. I used to do it often as a gift for a family I know well.
 

Matilda

RIP Lindsay
Sep 13, 2006
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Pre hurricane market price (ie the market in San Pedro) was 5 and resale in the colmados was 7. Now marekt price is 7-10 depending on if they are from Cibao or Barahona - the latter are more expensive, and depending on size and how ripe they are. Colmado price is 10-12.

Hope that helps

matilda
 
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PICHARDO

One Dominican at a time, please!
May 15, 2003
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I'm looking at investing in plantain farm in the DR. I'm doing so preliminary research and had a question.

I've heard the current retail price of a plantain is about 8 pesos. At least as of July. Is this still correct?

I've also heard that before the 2007 hurricane the prices were at about 5 a plantain. Is that also correct?

One more question.. I doubt anyone would know, but I'm also trying to confirm the wholesale versus Retail price. I'm being told currently plantains are selling wholesale at about 5 pesos each. Our 1st harvest will be about 600,000 plantains. I'm being told they can be sold Wholesale currently at 3 million pesos and just trying to do some intial research.

Thanks

MP

Those prices are only reflected if you do the sale at the retail end to sellers. In other words, you have to pay to carry the load to the closest retailers and supply them with the goods. Then again if you know how heavy just one platano is (medium to full size) then you get the idea of how expensive it can be to transport to the retailers.

Wholesalers buy at steep discounts as many keep prices artificially lower on demand to have better profit margins (this is a fact in AMAPROSAN and almost all associations). Then you have weather related loses (a very distinctive possibility always), bugs, etc... Cost of fertilizers and so on...

In effect when farmers have the harvest they always know that the next one will likely cost a good 20% more from start to next.

Now many wholesalers required that you provide the tax receipt as well (another extra expense)...

At the end, farming is very profitable on the export crops and some local goods. The local market is somewhat 50% less profitable than the one aimed to export, but by the same token, export crops farming is labor intensive and requires careful oversight to avoid certain freedoms a the time of using farming materials for insects and fertilizers.

A friend just made some 700,000 on green bell peppers that he farms in Santiago, all organic. He started with makeshift tents and now is investing into the real higher tech systems with aluminum rods...

He's bound to triple his income in the next harvest and then continue to expand on the next one as well.

The bell peppers are bigger than my hand!!!!! All colors...

Platanos are very problematic and sensible to high sporadic winds and flooding. I love spices better!!!!
 

miamipoker

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Aug 19, 2008
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thanks for the replies. So the area the plantains come from effect value? Are the ones from the south better quality? larger?
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
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Not the area but the specific species of platanos...

Some would never grow more than a typical Chiquita banana no matter what, while others are fit for Kong...

Platanos are not labor intensive but more of a pain in the neck when it comes down to transplants. But the hard work pays off good when little is needed to keep the trees from providing a good racimo almost to a cue...

You must come down to the region and first learn as much as you can (you can even get some real guidance from the ISA in the Cibao) but at the end it boils down to weather and not much more than that...

I used to plant Habichuelas Rojas back in the days for fun, after my first harvest I quickly understood the perils of farmers and the good pay off when all is OK.

The land gives what efforts you put in, is a co-habitation of sorts...
Some people tend to plant beans under the platanos cover, but it has been proven to take away some important nourishment from them too.

It all boils down to having enough information at hand to know how to make it happen!

A well researched investment is seldom faced with failure...
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
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Santiago de Los 30 Caballeros
Types of Platanos in the DR:


French Plantains: Triploides (AAB) , numerous fruits of medium size, presence of the male floral axis in the area of the tip of the bunch, pseudotallo with light green-dark shades.

Purple male green banana: Triploides (AAB). They are of the type Horn Plantain, due to that do not have the
presence of the male flowers in the end of the bunch, are called male bananas, with bunches formed by fewer and larger fruits.

Female or Dominican banana: Triploides (AAB) of the type French Plantain, with bunches formed by numerous fruits with the presence of the male flowers in the end of the bunch. Within the male (Horn plantain) and
the female (French plantain) different clones of banana exist that are distinguished by the type of fruit of the bunch.

Guinean Valery or Robusta: Triploides (AAA), pseudotallo with the black tips, very strong, resistant to Panama's infection.

Guinean Giant Cavendish: Triploides (AAA), called great dwarf(Enano), are semi-dwarfish plants, of great vigor, with
pseudotallo thick and extensive radial system, that provides a good anchorage for it.

Guineo Cross Michel: Triploides (AAA), is characterized for its great vigor, large fruits, tolerant, high resistance to Panama's infection.

Guinean Lady' s Finger: Diploid (AA), plants of little vigor, small folicule area number, small stumps, with a lot of resistance to the Black Sigatoka and to Panama's infection.

Guinean Duart Cavendish: Triploides (AAA). Is a plant that adapts to diverse ecological conditions, of vigor,
energetic, resistant to the winds, with very large bunches, nevertheless, the fingers or fruits are short and very susceptible to the Black Sigatoka and to the nematodos

Lacat?n or "Bont Rond" : Triploides (AAA), very high and energetic, resistant to weak soil and to Panama's infection, is similar to the Gross Michel.


Ashen dwarfish roller( Rulo cenizo enano): Triploides hybrid (AAB), of low height, resistant to winds and marginal soils. Ashen green color.

Green gigantic (verde gigante): Triploides (ABB), is of entire green color, with abundant fruits and large bunches; tolerant to certain vascular illnesses.

Ashen giant (gigante cenizo): Triploides (ABB), with characteristics alike to the previous one; only varies in the color.



The varieties of musaceas domesticated in the country are the following:

Banana (Platano) (heavenly Muse, L.)(Musa paradisiaca) : Dominican 300, Dominican, Common Dominican 120, Dominican Green, Apostol 200,
Black Female, Purple Female, Male, Mixed Female Male, green female x Male, dwarfish female x half size female, Male female x 3/4, Male x female Cuban, Male x female Top of gold, Male x female Tenpin, Male x female
Purple, Male x female bunch purple, Male x female black, Male x female Male, female Taiwan male, barahonero Male and Sendo Purple stem.

Guinean (Muse sapientum, L.) : Fine feather, Apple, short tail 3/4, short tail 1/2 size, Bull's blood,
Johnson Purple, Give me more (dame ma), Guineo of the father, Primo Hermano, Johnson, Manchoso (staining), Guineo green,
Guineo 3/4, Chirri, Guineo purple flavor inside, Azuano half hairy tail, Dwarfish(enano), Green hiller (lomero verde), hairy tail (cola peluda).

Roller (rulo)(Muse curniculata) : Green dwarf small bunch, green Dwarf medium size, Green tall bunch separated,
Green tall tupid bunch, Burro censa, Platanito, half green tree, Roller(rolo) Bolo(round)-Asian, Mexican, Low Ashen (cenizo), Ashen high of the plain, Tall Ashen of the hills (lomero), intermediate Roller (rulo).

In the Dominican Republic, the production is mostly destined to the internal consumption by a good margin and to the export in a lesser amount. In the country conventional and organic banana production systems exist. The organic production, was initiated in 1980; and exports in its totality, representing about half of the national exports of banana. It is a leader in the world exports of organic banana and, in spite of the high cost of certification, the transition to the organic agriculture was simple, since the majority of farmers already were utilizing few external supplies. The main markets of the banana of organic origin are Germany, Netherlands and the United Kingdom. New markets are also emerging as the DR positions itself to global markets with new agreements and push by the gov.

From here on do your homework...
 
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miamipoker

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Aug 19, 2008
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thanks for all your replies, especially Pichardo. You seem to know a lot about farming. Your input helps a lot.

I working with a farmer down there that is a relative of one of my employees here in Miami. I'm funding some of the planting of Crops and leasing of Farm land to help them out down there. I've been researching alot of the new planting techniques and studies of Plantain planting density, irragation and fertilization to increase yield.

All the information I've been getting is making sense compared to the information I'm finding on the net. There are just a few things that bother me.

1. The output they are telling me to expect seems about 3x average. (80 Units/fingers per tree) (80,000 plantains per acre) (192,000 per hectare). The average I'm using was found in an artice about plantain production in PR instead of DR.

2. They are telling me the time from planting to harvest is 10 months. Everything I'm reading is saying 12-15 months.

3. With a retail price of 8 pesos per unit, the wholesale Price of 5 pesos per plantain they are expecting doesn't seem enough of a margain to cover the wholesaler and the retail store selling the product.

4. I'm thinking that the supply was reduced due to the 2007 hurricane losses and once the new crops are harvested (any month now) Supply should level off with demand and prices should return to pre hurricane prices around 5 pesos retail. Do you agree?

If anyone has any input or knowledge about the above please give me your thoughts.

Oh.. By the Way, I love the idea of eventually turning all this into an organic farming venture. I've just researched that it takes a long time to get certified organic. So, I'll probably work on organic after a few successful crops grown for the local market.

THanks

MP
 
S

sokitoumi

Guest
i think I would go for growing something more exotic- you need a lorra lorra bananas to make money
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
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113
Santiago de Los 30 Caballeros
thanks for all your replies, especially Pichardo. You seem to know a lot about farming. Your input helps a lot.

I working with a farmer down there that is a relative of one of my employees here in Miami. I'm funding some of the planting of Crops and leasing of Farm land to help them out down there. I've been researching alot of the new planting techniques and studies of Plantain planting density, irragation and fertilization to increase yield.

All the information I've been getting is making sense compared to the information I'm finding on the net. There are just a few things that bother me.

1. The output they are telling me to expect seems about 3x average. (80 Units/fingers per tree) (80,000 plantains per acre) (192,000 per hectare). The average I'm using was found in an artice about plantain production in PR instead of DR.

PR's Plantain production is not the same as the DR. In fact they use mostly US purchased initiators for the farms. The type of plantains is the key here.

2. They are telling me the time from planting to harvest is 10 months. Everything I'm reading is saying 12-15 months.

The latter is the usual, but some short harvests are possible when using certain species for production. In the DR it varies from time to time based on weather!!!

3. With a retail price of 8 pesos per unit, the wholesale Price of 5 pesos per plantain they are expecting doesn't seem enough of a margain to cover the wholesaler and the retail store selling the product.

Have you any idea of the amount of platanos sold daily in the DR?!?!

4. I'm thinking that the supply was reduced due to the 2007 hurricane losses and once the new crops are harvested (any month now) Supply should level off with demand and prices should return to pre hurricane prices around 5 pesos retail. Do you agree?

In the DR farmers never lose a buck! That you can take to the bank! Only big, very big projects are affected by oversupply or falling prices...

If anyone has any input or knowledge about the above please give me your thoughts.

Oh.. By the Way, I love the idea of eventually turning all this into an organic farming venture. I've just researched that it takes a long time to get certified organic. So, I'll probably work on organic after a few successful crops grown for the local market.

THanks

MP

Some data on this in the DR:



Plantain production transferred to a higher plane
26 June, 2008


Farmers from Central and West Africa visited Latin America to learn first-hand about simple technologies that can double their harvest of cooking bananas

Plantains are an important staple food and cash crop in the wet lowlands on both sides of the Atlantic. In Central America and the Caribbean, however, average yields can be almost three times higher than in West and Central Africa. The big difference between the two regions is that in Africa farmers still use an essentially traditional technology, while in Central America a minor revolution has transformed plantain production.


Elements of the banana revolution



Plant at high densities, 2500 to 5000 plants per hectare.

Select uniform planting materials.

Arrange rows for maximum sunlight and minimum wind damage.

Apply chemical inputs at critical stages in the development of the crop.

Regularly remove damaged leaves.

Treat the crop as an annual and re-plant after each harvest.

Two farmers, four scientists and two extension workers from Benin, Cameroon, Ghana, Guinea and Ivory Coast travelled to the Dominican Republic to hear at first hand about the new approaches to plantain production. The key change is to plant at double or triple the density of traditional plantations. This gives higher yields at little extra cost, while at the same time releasing land for other crops or conservation. Armed with this background information the visitors then called on Sr Patricio Hernandez, a plantain grower in Espallat province. He regularly harvests 110,000 fingers of plantain per hectare per year. African farmers generally harvest roughly half that amount. As can be imagined, discussions among the visitors and their host were lively and interesting. Plantations in Nicaragua and the Dominican Republic routinely deliver yields almost four times the national average, at little or no extra cost to the farmer.

Plantain production transferred to a higher plane
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
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Santiago de Los 30 Caballeros
Must understand that the bigger the size of the platano the bigger the price to sell for. The Platanos in PR are mostly rulos (little ones) or what we call guineitos verdes.

Only recently has the harvest of medium to big sized platanos made possible much to the debt of the large Dominican Diaspora settled there and still growing...
 
Mar 2, 2008
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Huoliuhi, you've made hree posts in three minutes, and each one pure nonsense.

Are you trying to pile up the posts to create a real sock veneer, or are you just attempting to annoy people?

Either way, you're wasting everyone's time, most of all your own.
 

Stodgord

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Nov 19, 2004
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I'm looking at investing in plantain farm in the DR. I'm doing so preliminary research and had a question.

I've heard the current retail price of a plantain is about 8 pesos. At least as of July. Is this still correct?

I've also heard that before the 2007 hurricane the prices were at about 5 a plantain. Is that also correct?

One more question.. I doubt anyone would know, but I'm also trying to confirm the wholesale versus Retail price. I'm being told currently plantains are selling wholesale at about 5 pesos each. Our 1st harvest will be about 600,000 plantains. I'm being told they can be sold Wholesale currently at 3 million pesos and just trying to do some intial research.

Thanks

MP

A word of caution. We Dominicans love to hype anything, it is in our blood. We love to rile up anyone who would listen and has the mean to invest. Don't think just because we are your family family/friend, we have your best interest at hand. We are there to coach you, and emit our opinions but when shyte hit the fan we are no where to be found. We even say you failed because you didn't heed our opinions. Don't give us an inch because we'll take a mile. That piece of machine, vehicle you left for the use of the plantation. Guess what, es semana santa and my family, friends and mistress wanted to go to the beach/river. The other day I broke a record, I had 20 plus people riding on the pick up truck you left me to use for the plantation. After all, we are doing you a favor, and that should be compensated we privileges.

I am sorry to sound cynical but I have been there done that. Everyone tells you how good of a business something is and that they will help you and such and such business rents you this much and so on.

Before the business transaction, comments:
Let's get in this business together.
I will be there, looking after everything.
You know, you are like my son, my sibling. Me mocho la manos si te falto.
The harvest will rent you so much to sit down for a couple of month.

....there is more that I can't remember right now.


Now after you have sign the papers and invested a lot of cash, here are the common excuses:

Common excuses:
It is too wet and everything rot.
It is too dry that everything got killed.
The way was blocked by flood water.
A wind storm came and took out everything.
A plague hit the crop.
All the animal died from something (usually la peste).
The machinery broke.
The price of such product went down.
No one is consuming such product anymore.
So and so got sick, usually some type of hernia and can no longer take care of the plantation.
Las cosas estan mala. (this is a classic)

Just remember you are relying on people who probably never graduated from elementary school. They don't know the concept of a business plan. You seem to have done your research, but what about the people that you intend to rely upon? To them you are a gringo with a lot of cash to spare. Just be cautious.