top-rated free essay


By chan2989 Nov 17, 2013 328 Words
The Philippine banana industry is one of the top agricultural export earners. The increase in demand worldwide has resulted to greater expansion of area planted to banana. As a tropical country, Philippines grows an abundant varirety of fruit crops primarily for local consumption and export market. Banana is considered as the most important fruit crop in the country in terms of volume production and export earnings. Philippines ranks second to Ecuador as the top banana-exporting country in the world. Total bananas shipped in the first 11 months of 2011 amounted to 1.88mn metric tons, 3.86% higher in 2010. Companies are now targeting Russia as another market for Philippine banana exports aside from U.S. and Japan. Fresh banana export in the 1st quarter of 2012 grew by 18.05% to USD 271.8mn from USD 230.3mn in the same period last year. Banana production has been steadily increasing over the years, it rose by 1.63% in 2011. •Adverse effects on exports such as bananas, papayas, pineapples, (but counterparts in Japan, Korea not reporting infestation), amid territorial dispute with China oChina to continue quarantine fruits from the Philippines (190 containers already allowed as of May 27, 2012) oChina 2nd biggest importer of Philippine bananas (30% of total Philippine banana exports) after Japan oBureau of Plant Industry: Banana exports to China dropped by about -90% after stricter quarantine measures (from 16,000 metric tons per month). •Philippine banana exporters planning to stop exports to Iran, after payment delays (from 2 weeks, to more than 4 weeks starting Jan. 2012); Iran offering oil as payment instead •Pilipino Banana Growers & Exporters: Fungus (Fusarium wilt) could wipe out Philippine banana industry in 3 years unless cure is found •Cebu-based businesspersons targeting Russia as another market for Philippine banana exports (and other fruits such as mangoes), other than the US, Japan. •First Pacific plans to invest in Philippine agriculture ventures on the production of cash crops such as sugar and bananas •Department of Agriculture: Nothing definite yet on exports of Philippine bananas to the US (freight cost a concern; 27-day journey).

Cite This Document

Related Documents

  • Blood Bananas

    ...Background Chiquita Brands International is one of the world’s largest banana producers that were founded in 1899. Founded as United Fruit Company, Chiquita has grown to be one of the top three companies in the banana business with a combined control of 60% market share. Chiquita had annual revenues of $4.7 billion and operating plants worldw...

    Read More
  • Banana Peel

    ...THE FEASIBILITY OF PRODUCING SHOE POLISHER OUT OF BANANA PEELINGS ABSTRACT -Shoe polish (or boot polish), usually a waxy paste or a cream, is a consumer product used to shine, waterproof, and restore the appearance of leather shoes or boots, thereby extending the footwear's life. In some regions—including New Zealand—"Nugget" is used as ...

    Read More
  • The Fate of a Banana

    ...providing not only food and shelter, but life. Here the bananas grew from a baby seedling to fully ripe adults. But one day their oasis was torn apart. The sky turned dark blotting out the sunshine, confusion ran amok within the plantation, there were screams, hundreds of screams, then suddenly the bunch was torn from their mother tree. Then ...

    Read More
  • Banana Paper

    ...REVIEW OF RELATED LITERATURE In a study, “Papers and Boards from Banana Stem Waste” in which they used banana stem waste in producing paper and board because banana is a very good source of cellulose. Banana stem waste, thrown away by farmers after harvesting of fruits, was procured as raw material. It was chopped by 3-4” size usually...

    Read More
  • Blood Banana

    ...Blood Banana Strategic Management 581 Blood Banana Running a business is about more than just making money. It requires adequate consideration to a number of issues, of which ethics is most certainly one. As a business grows and becomes more significant, it impacts the lives of people in so man...

    Read More
  • Blood Bananas

    ...Colombia, a country that is finally beginning to emerge from the effects its Colombian banana subsidiaries had made protection payments to terrorist groups from 1997 through 2004. The Justice Department began an investigation, focusing on the role and conduct of Chiquita and some of its officers in this criminal activity. Subsequently, Chiquita ...

    Read More
  • Controversy in Banana Industry

    ...Banana Wars The banana industry has long been the center of controversy. In some instances, the banana has been the necessary means for countries to become economically and politically powerful; however, in other instances it has been a hindrance leading to complete dependency and the decline in other industries. Since the banana has turned ...

    Read More
  • Bananas, Chiquita, and Globalization

    ...Bananas, Chiquita and Globalization While globalization is a relatively new phenomenon in theory, but not necessarily in history, as of 2009 it has created transnational corporations linked to government, international economic institutions, and non-government organizations. (Steger 67). With this definition bananas are a textbook example ...

    Read More

Discover the Best Free Essays on StudyMode

Conquer writer's block once and for all.

High Quality Essays

Our library contains thousands of carefully selected free research papers and essays.

Popular Topics

No matter the topic you're researching, chances are we have it covered.