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...
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.
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.
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.
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.
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.
Timothy Weah set up the winner as the United States came from behind to defeat Costa Rica.
Nicaragua is "one of the worst dictatorships in the world" with its President Daniel Ortega and his wife Rosario Murillo preparing "fake elections" to stay in power, the EU's foreign policy chief said Monday.