Farmers in a Philippines city have signed a memorandum of agreement (MoA) with a banana chip maker to cut out the middlemen.


The deal involves at least 95 tons of bananas which will be sold to Philexon International, a city-based banana chip maker. Farmers will no longer have to sell their products via a trader, which means more of the end price will go straight to farmers.


A basic price of P3.50 (US$0.068) per kilo has been pegged for the launch of the agreement, although market prices will determine the price payable in future.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now