Strong peso wallops Davao’s banana growers

DAVAO CITY, Philippines — The growing strength of the Philippine peso has adversely affected the country’s banana growers, with the Pilipino Banana Growers Association (PBGEA) based here saying the appreciation of the currency occurred at a �bad time.�

Last week, the peso broke the 45 peso to the dollar mark and is expected to grow stronger in the comings days.
(more…)