Bananas Flashcards
(13 cards)
how much revenue do bananas generate yearly
$15 billion
where do bananas rank in the trading of food commodities
the 5th most traded food commodity
what are the top producers also
the top consumers
what are 2 producer groups
-the ‘dollar producers’ of Latin America- controlled by large TNC’s on monoculture plantations
-ACP producers small sized (African, Caribbean and pacific producers)
what are 2 large TNCs
Del Monte and Fyffes
in 2020 what was the market share of the 5 largest TNC’s
70%
what has a shift in power from TNCs to retailers meant
producers have to accept lower prices and delayed payments in fears of being taken of the retailers supplier list
why are bananas environmentally bad
they have incredibly high food miles, an abundance of chemicals are used as they are very susceptible to disease, large amounts of land are also deforested to make room for plantations
why is monoculture bad
it quickly degrades soil along with the use of chemicals
how long was the US and EU trade dispute
1992 to 2002, one of the longest trade wars
why did the banana trade war begin
the US put tariffs on EU bananas
what was the result of US banana tariffs
the EU retaliated due to ACP concerns that producers couldn’t compete with the dollar producers
how did the banana trade war end
geneva banana agreement in 2009
