Global Market Report: Bananas
- North America and Europe are driving demand for sustainably produced bananas, which have captured a 10% share of some markets.
- From 2008 to 2016, voluntary sustainability standard-compliant bananas grew to account for at least 7% of the sector (36% of exports).
- Asia is the largest producing region, but 80% of exported bananas come from Latin America and the Caribbean.
Bananas (including plantains) are the world’s fourth most important staple crop (after wheat, maize, and rice). The sector faces a variety of sustainability issues, including crop disease, climate change impacts, excessive pesticide use, and poor labour practices. Banana producers are increasingly using voluntary sustainability standards (VSSs) to tackle the sector’s sustainability challenges.
This report is the sixth in IISD’s Sustainable Commodities Marketplace Series, which presents market information and analysis on agricultural commodities to foster transparency, knowledge, and strategic decision making for sustainable development.
You might also be interested in
Global Market Report: Soybeans
This report examines how voluntary sustainability standards can play a valuable role in addressing some of the social and environmental problems involved in soybean production.
Global Market Report: Cotton
This report examines how voluntary sustainability standards are performing in the cotton sector.
Global Market Report: Palm Oil
This report examines how voluntary sustainability standards can mitigate some of the worst environmental impacts of producing palm oil, the world’s most consumed edible oil.
Expert Consultation with Financial Service Providers: Understanding the sustainability issues agricultural producers need to consider to be investment ready and access finance
This paper presents the results of a consultation that IISD's State of Sustainability Initiatives (SSI) conducted with over 50 financial service providers in order to better understand the risks and sustainability issues that they consider relevant when assessing finance requests from agricultural producers.