From breakfast foods to ice cream sundaes, bananas are in high demand around the world. Before this golden fruit ends up in your local supermarket, it travels through an international system of “free” trade. Eighty percent of the world banana trade is in the hands of 5 companies: Dole Food Company, Chiquita Brands International, Fresh Del Monte, Noboa and Fyffes. Since Central America is considered a valued hotspot for cheap labor and lax environmental laws, many companies control plantations in this region and compete with each other for profit. In fact, high demand by supermarkets and retailers have forced companies like Chiquita to seek cheaper sources of supply, creating competition between Latin American countries like Guatemala, Honduras, Nicaragua, Costa Rica, Panama, Columbia and Ecuador to offer lower prices. Read More »
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