Fyffes shuns Belize supplier over drugs link

Fruit importer will spend €10 million on Costa Rica banana plantation

Growing market for fruit imports. Pic: Bloomberg

Fyffes this week stopped buying bananas from the biggest producer in Belize because of its links to a local businessman named by US authorities as a drugs kingpin.

The swift move demonstrates that Fyffes is unwilling to take any risks with its growing US trade.

In October last year the shareholders of US rival Chiquita defied direction from their board and rejected a proposed $1 billion merger. The deal would have created the ...