How Much Do Bananas Really Cost? The Price Farmers Pay | For Food's Sake! | CNA Insider
- Published on Dec 4, 2018
- Wholesale prices of Cavendish bananas from the Philippines has increased 25% in the last 3 years, according to one retailer in Singapore. Why? Banana plantations in Compostela Valley, the banana capital of the Philippines, were hit by the Panama disease in 2014, leading to a shortage in supply, driving prices up.
Yet, farmers and contract work packers are not seeing the benefits of the price hike. So where is the money from consumers going to, ultimately?
Read more at www.channelnewsasia.com/news/cnainsider/banana-prices-rising-singapore-farmers-philippines-not-gaining-10986750
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The series For Food's Sake investigates the factors - beyond the usual suspects of climate change and inflation - that are driving up prices of food such as chickens, cockles, bananas and rice.
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Watch the episode: cna.asia/2Dw1m1D