food commodity: bananas Flashcards
what percentage of bananas from Columbia are exported to Europe?
80%
what country is the largest producer of bananas worldwide?
India with 29 million tonnes per annum
what percentage of Ecuador’s GDP is reliant on banana income?
10%
bananas are a staple food for how many people?
400 million
where is the majority of banana TNCs based?
ACP nations
where is the large scale domestic growth of bananas as opposed to large scale production?
domestic - Africa
production - Asia
why do areas specialise in banana trade?
they have a comparative advantage of suitable climate and are also not developed enough to specialise in any other sector
issues with specialising in bananas?
- limited source of income (monoculture)
- bananas are decreasing in value
- dictated by demands of the west
- susceptible to disease and pests
what percentage of the banana value does a worker receive as opposed to the retailer?
worker = 7 %
retailer = 41 %
what are the five major banana TNCs?
Chiquita
Dole
Del Monte
Fyffes (Ireland)
Noboa
what TNC is based in Ecuador?
Noboa
what is fair trade?
concept of social enterprise providing producers with higher incomes through the fair trade premium
how has fair trade benefitted the farmers?
- receive a fairer price
- better working conditions
- 200 workers received grants (improve QoL)
- education grants
- chicken coops and allotments - better access to varied diets and profits
- farm improvements
what was the banana wars?
- US complained that an EU scheme gave them better access to European markets, breaking free trade rules
- WTO got involved
- US wanted EU to pay tariffs
- US won: HIC remained dominant
what percentage of the market share is owned by the big 4?
45%
