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Bananas
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Created by
Zack Pike
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Cards (35)
What is the most popular fruit in the world?
Banana
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How much do shoppers spend on bananas annually?
More than
$10B
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What percentage of total banana world trade is Fairtrade bananas?
2%
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What percentage of bananas are Fairtrade in the UK?
25%
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Why are bananas considered important for food security?
They are the
4th
most important crop
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What percentage of bananas are traded globally?
15%
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How many companies dominate banana trade?
5
companies
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What percentage of global banana trade do these companies control?
Over
80
%
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By what percentage did retail prices of bananas rise in the UK between 2002 and 2018?
41%
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How much did Fairtrade producers receive from UK sales between 2000 and 2008?
$28M
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Where are most banana producers located?
LICs
in tropics
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Which regions have the highest banana exports?
Central
and
South America
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Which countries are particularly noted for banana exports?
Ecuador
and
Guatemala
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Which country produces and consumes the most bananas globally?
India
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Who are the largest consumers of bananas?
North America
and
West Europe
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Which companies dominated banana production?
Chiquita
,
Del Monte
,
Dole
,
Fyffes
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What impact did the opening of the EU market have on Fairtrade?
Led to more
market diversification
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What percentage of banana sales do TNCs control in North America?
40%
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What is driving the steady rise in banana consumption?
Growing population and rise of
NEEs
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What do TNCs invest in smaller countries?
Commercial
plantations
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What percentage of the final cost do workers receive for bananas?
7%
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Why do bananas generate significant income in LICs?
Due to
popularity
and economic dependence
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What do producers in Ecuador neglect to meet high demand?
Workers' health and safety
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What labor issues are present in Ecuador's banana production?
Child labor
, dangerous conditions,
unfair wages
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What is the lowest pay for banana workers in Ecuador?
$3.50
per day
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What does Fairtrade support for local farmers?
Decent living wage
and
communal fund
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How does Fairtrade affect the price of products?
Usually more expensive to the
consumer
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What is a criticism of Fairtrade?
Allows
corruption
to seep into organization
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How have shops like Lidl and Aldi affected banana prices in the UK?
Banana prices have gone
down
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What is the aim of free trade?
Increase
economic growth
through
tariff-free
trade
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Which organizations support free trade?
WTO
,
World Bank
,
IMF
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What is the aim of Fairtrade?
Support
marginalized
workers earning
little
pay
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What do Fairtrade producers receive to improve communities?
A
premium
to improve communities
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What is direct trade?
Working between
retailer
and worker on
plantation
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What is a secondary benefit of direct trade?
Helping the farmer improve
product quality
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