World TrAde Bananas - Trade

Question 1

2 different producers ??

Answer 1

ACP group - Africa/Caribbean/ Pacific.

Dollar producers of Central America which is controlled by large US TNCs.

Question 2

Trade of banana patterns??

Answer 2

Developing region exports low value primary produce to HIC.

Question 3

Exporters ??

Answer 3

Ecuador

Columbia

Question 4

The largest importers??

Answer 4

EU and USA

2013 consumed each 27% of the total exported.

Question 5

What is flows of capital like I’m banana industry ?

Answer 5

90% goes back to rich countries and never reaches producer.

Biggest portion is retailers.

Question 6

In the past 80% of banana trade was dominated by who ??

Answer 6

4 large TNCs 
Chiquita 
Dole 
Del money 
Fyffes

Question 7

Chiquita , dole , del mote and fyffes are integrated vertically up chain , what does this mean?

Answer 7

Have own sea transport.
Ripening facilities.
Distribution networks.
=
Economies of scale so they can tell bananas in USA for low prices.
They repatriate profit to country of origin.

Question 8

Where are most bananas grown ?

Answer 8

Monoculture plantations in Latin America and Africa.

The remainder not controlled by TNCs are family farms.

Question 9

Retailers in grocery stores are increasing in dominance. What affect is this having on banana producers?

Answer 9

Lower prices.
Discounts.
Delayed payments.
Risk of being taken off supplier list.