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Land Bank of Taiwan purchases mangoes to support the local farmers!

The production of mangoes in Taiwan this year increased by 20% compared to last year. The average export volume of mangoes in the past year was about 1,800 to 2,000 tons; these mangoes were mainly exported to Japan and Korea. However, due to the change in the quarantine standard in South Korea this year and China's mango exports increasing significantly, it caused a decline in Taiwan's mango exports. The domestic demand for mangoes has been dramatically declined due to the rise of the pandemic in Taiwan, the strict control over restaurants and iced fruit stores and other channels, resulting in a sharp drop in sales volume. Therefore, a bumper harvest has caused farmers to feel sad instead of smiling. The Bank has been committed to supporting Taiwan's agricultural products, and we have actively purchased mangoes to support the local farmers.
When all people are fighting against the pandemic, in addition to focusing on financial services, the Bank has been actively providing labor relief loans, SME loans, and various government relief programs to help Taiwanese farmers when they need help. We have been purchasing a wide selection of local agricultural products over the years, including cabbage, bananas, pomelos, pineapples, and other fruits and vegetables. We hope that the public will join us to support the local agriculture industry.

Release date: 2021/07/30 Last updated: 2021/07/30