FDP - Fresh Del Monte and Talc Investment announce banana partnership in Somalia

• Fresh Del Monte Produce ( NYSE: FDP ) and Moze Holding, a Talc Investment Co., has announced the signing of a Somalia-based, multi-year banana partnership located in the heart of the previously famed banana belt area.
• This partnership will not only significantly reduce banana transport times, giving consumers in the Middle East and North Africa access to fresher, lower-cost fruit, but will also aid in Somalia’s economic resurgence.
• As part of the agreement, Fresh Del Monte will have operational oversight and train the team on the ground and in return, the global produce distributor will purchase its banana supply directly from Moze, the newly established banana farm.
• The fruit will be sold and marketed under the Fresh Del Monte brand for its markets in the Middle East, with the first harvest expected in 2024.
• "Our intent is to build on this partnership in the near future as we look forward to a fruitful relationship,” said Mohammed Aldhaheri, Moze Holding and Talc Investment Chairman.

For further details see: