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Wednesday, October 20, 2021

On bananas and the fungus that threatens global harvests

The Colombian Agricultural Institute (ICA) last week declared a national emergency after detecting a fungus that experts say threatens global banana harvests. Panama disease Tropical...

New strain of banana fungus threatens world harvests

A type of Fusarium wilt appeared this year in Australia's main banana-growing state after spreading to Asia and Africa. While the fungus has been around since the 1990s and has yet to affect top exporter Ecuador, Fresh Del Monte Produce called it a potential "big nightmare." The United Nations says the disease threatens supply, and Latin American growers are taking steps to limit the risk.

Banana giant Chiquita rejects Brazilian takeover bid

NEW YORK – Banana giant Chiquita rejected Thursday the takeover bid by Brazil's Cutrale and Safra groups, calling their offer "inadequate" and sticking to its plan to merge with European fruit seller Fyffes.

Chiquita gets takeover proposal that would kill Fyffes deal

NEW YORK — Chiquita Brands International, owner of the namesake banana label, received an unsolicited $611 million takeover proposal that envisages the company scrapping its pending merger with Irish competitor Fyffes. Brazilian juice maker Cutrale Group and financial conglomerate Safra Group said Monday in a joint statement they are offering $13 a share for Charlotte, North Carolina-based Chiquita.

Guatemalan banana bosses deny they’re exploiting campesinos

Critics say that unusually high productivity in the banana sector has come at the expense of Guatemala’s thousands of non-unionized banana workers – as Dole, Bonita and other multinational companies engage in a “race to the bottom” by paying salaries as low as $3 a day. Banana company bosses dispute those allegations.

UN warns of risk to banana supply after disease spreads

The TR4 strain of Panama disease hasn't reached top Latin America exporters such as Ecuador, Costa Rica or Colombia, but it is spreading outside of Asia.
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