Bananas

Cards (35)

  • What is the most popular fruit in the world?
    Banana
  • How much do shoppers spend on bananas annually?
    More than $10B
  • What percentage of total banana world trade is Fairtrade bananas?
    2%
  • What percentage of bananas are Fairtrade in the UK?
    25%
  • Why are bananas considered important for food security?
    They are the 4th most important crop
  • What percentage of bananas are traded globally?
    15%
  • How many companies dominate banana trade?
    5 companies
  • What percentage of global banana trade do these companies control?
    Over 80%
  • By what percentage did retail prices of bananas rise in the UK between 2002 and 2018?
    41%
  • How much did Fairtrade producers receive from UK sales between 2000 and 2008?
    $28M
  • Where are most banana producers located?
    LICs in tropics
  • Which regions have the highest banana exports?
    Central and South America
  • Which countries are particularly noted for banana exports?
    Ecuador and Guatemala
  • Which country produces and consumes the most bananas globally?
    India
  • Who are the largest consumers of bananas?
    North America and West Europe
  • Which companies dominated banana production?
    Chiquita, Del Monte, Dole, Fyffes
  • What impact did the opening of the EU market have on Fairtrade?
    Led to more market diversification
  • What percentage of banana sales do TNCs control in North America?
    40%
  • What is driving the steady rise in banana consumption?
    Growing population and rise of NEEs
  • What do TNCs invest in smaller countries?
    Commercial plantations
  • What percentage of the final cost do workers receive for bananas?
    7%
  • Why do bananas generate significant income in LICs?
    Due to popularity and economic dependence
  • What do producers in Ecuador neglect to meet high demand?
    Workers' health and safety
  • What labor issues are present in Ecuador's banana production?
    Child labor, dangerous conditions, unfair wages
  • What is the lowest pay for banana workers in Ecuador?
    $3.50 per day
  • What does Fairtrade support for local farmers?
    Decent living wage and communal fund
  • How does Fairtrade affect the price of products?
    Usually more expensive to the consumer
  • What is a criticism of Fairtrade?
    Allows corruption to seep into organization
  • How have shops like Lidl and Aldi affected banana prices in the UK?
    Banana prices have gone down
  • What is the aim of free trade?
    Increase economic growth through tariff-free trade
  • Which organizations support free trade?
    WTO, World Bank, IMF
  • What is the aim of Fairtrade?
    Support marginalized workers earning little pay
  • What do Fairtrade producers receive to improve communities?
    A premium to improve communities
  • What is direct trade?
    Working between retailer and worker on plantation
  • What is a secondary benefit of direct trade?
    Helping the farmer improve product quality