The Global Banana Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers the market sizing in terms of volume in metric tons and value in USD thousand.
Why banana industry is important?
The Philippine banana industry contributes significantly to the agriculture sector and the economy in general. Banana production is a source of income and employment in the countryside with more than 5.6 million smallholder farmers dependent on it (Calderon, 2002).
What is the banana trade?
The banana trade symbolizes economic imperialism, injustices in the global trade market, and the globalization of the agricultural economy. ... As one of the first tropical fruits to be exported, bananas were a cheap way to bring the tropics to North America and Europe.
Is the market demand of banana high?
Because of their popularity bananas are in high demand which drives the price down. Because of this low price, about $0.45 per pound, they comprise only a small portion of the consumer's budget.
What is the problem with the banana industry?
The banana industry consumes more agrochemicals than any other in the world, except cotton. Some of these chemicals are classified as hazardous by the World Health Organisation. Agrochemical use pollutes water supplies, contaminates soils, and can have devastating impacts on worker health.
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