CASE STUDY - World trade in Bananas (one food commodity) Flashcards
What is the rank of bananas among the most traded agricultural commodities?
5th most traded agricultural commodity
What percentage of bananas produced are for local or national consumption?
80%
What was the local production of bananas in 2019?
120 million tonnes
What are the conditions needed for banana cultivation?
Hot rainy lowlands of tropical regions.
What is a variety of banana?
Cavendish cultivar.
What is another variety of banana?
Gros Michel.
Who is global banana trade dominated by?
The ACP group (Africa, Caribbean and Pacific).
What does monoculture mean?
The cultivation of a single crop in given area.
Describe banana trade in the Caribbean.
Banana trade in the Caribbean is controlled by small and medium scale growers on family farms or cooperatives, not by large TNCs.
What percentage of banana product profits goes to retailers?
42%
What percentage of banana products profits goes to workers?
7.5%
Who are the dominant producers of bananas?
