Fresh Del Monte Signs Long-Term Sourcing Partnership with THACO Agri

Executive Summary

Fresh Del Monte Produce Inc. has signed a strategic long-term sourcing agreement with THACO Agri, the agriculture arm of Vietnam-based THACO Group. The partnership strengthens Fresh Del Monte’s banana and pineapple supply footprint in Southeast Asia while supporting mechanization and scale expansion across THACO Agri’s farming operations in Vietnam and Cambodia.

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🍌 1 | Banana Supply Framework

Under the agreement:

• Fresh Del Monte will source bananas from THACO Agri plantations in Vietnam and Cambodia.

• The partnership establishes secured long-term volume commitments.

• Focus markets include:

  • Asia-Pacific

  • Middle East

  • Europe

The cooperation is expected to enhance supply diversification and reduce global production risk.

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🍍 2 | Pineapple Expansion Plan

THACO Agri will:

• Develop new pineapple-growing zones based on Fresh Del Monte specifications.

• Implement expansion in phased development cycles.

• Align agronomy standards to international Fresh Del Monte requirements.

The project will position Vietnam as a growing supply hub for tropical fruit exports.

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🧪 3 | Collaboration on Technology & Mechanization

The agreement also connects Fresh Del Monte with THACO Industries, the engineering and manufacturing division of THACO Group.

Key areas of cooperation:

• Farm mechanization

• Productivity automation

• Post-harvest and packaging systems

• Equipment development tailored to large-scale tropical farming

This approach is intended to reduce labor dependence, improve operational efficiency, and support scalable export growth.

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🌏 4 | Supply Chain Impact

THACO Agri operates more than 85,000 hectares across:

The fully integrated model enhances long-term supply consistency for global markets.

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📈 CMB Market Interpretation

This partnership signals rising investment and consolidation trends in Southeast Asian tropical fruit supply chains.

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🧭 CMB Outlook (2026)

Bullish

• Rising export demand for bananas and pineapples

• Supply security through multi-country sourcing

• Strong investor interest in Southeast Asian agriculture

The agreement positions Vietnam and Cambodia as emerging hubs for global tropical fruit supply, complementing traditional suppliers in Latin America and the Philippines.