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WEEKLY NEWSLETTER
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Somalia
Index
Plantation Economy
In the early 1990s, the plantation economy remained
undeveloped, even for bananas, which remained Somalia's principal
cash crop and second most important export, after livestock.
Because of government taxation of exports, this sector had been
in decline in the early 1980s. In 1983 the government National
Banana Board formed a joint venture with an Italian company to
create Somalfruit. The higher producer prices, increased input
availability, and improved marketing and shipping facilities
resulted in a 180-percent increase in banana production from
60,000 tons in 1980 to 108,000 tons in 1987. By 1986 banana
exports accounted for 13 percent of total exports, up from just
over 1 percent in 1982
(see Foreign Trade
, this ch.).
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