Banana Trade Flashcards
What rank are bananas in terms if world trade and agricultural produce?
5th
What fraction of bananas bought in uk were fair trade?
2013 = 1/3
Prices increased with popularity
What is fairtrade?
Aim to pay workers a guaranteed minimum price
Fair terms of trade
Opportunities and support to growers.
Training and financial services
Where does banana production most commonly occur?
Central america, africa, india, SE asia
How many tonnes of bananas produced in India per yr?
25mil tonnes
How many benefit from fair trade?
6million ppl
Pressure to keep prices low results in
Unethical cultivation methods
Eg. Deforestation and use of pesticides
Low wages and poor confitions
Why do tncs dominate plantation monocultures?
Huge capital investment needed to develop reliable harvest
How many companies controled 70% of the bananas trade?
5 TNCs
Recent yrs new buyers due to fairtrade and push for small wholesellers.
Cause of fairtrade growth
Better awareness of injustice and imbalance of power
IFTA
International ft association
Governments of LIC’s advocate for
Trade not aid
El guano association
1997 sw equador = largest producers of ft bananas
El guano association exports how many boxes of bananas
30,000
Benefits to community
Stabalize income. Fairwage. Healthcare. Educatuon. Employment.
