Substack

Wednesday, June 18, 2008

After $4 gallon oil, here comes $1 pound bananas!

Dan Koppel has this excellent NYT op-ed, tracing the growth of the Cavendish variety of banana as the primary staple fruit in America (and elsewhere) and the recent rise in banana prices, which touched $1 a pound.

The major reasons for this rise are the rising cost of oil, reduced supply caused by floods in Ecuador, the world’s biggest banana exporter, and the spread of a virulent strain of the fungal Panama disease.

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