The UN Agricultural Agency has announced that bananas are weathering the economic crisis more than most agricultural commodities.
Bananas are withstanding the impact of the global economic crisis more than most agricultural commodities, with consumers regarding the fruit as a necessity in their diets, according to a new report issued by the United Nations Food and Agricultural Organization (FAO). While imports have dropped off in developed countries, developing nations are recording an increased demand for the fruit, largely driven by China.
“With steady growth in populations and income, and rising awareness about the positive nutritional value of fruit, global banana and tropical fruit consumption is likely to continue its upward trend in the next few decades,” the new publication, which will be presented to an upcoming meeting of global fruit experts later this week, noted.
Trade in bananas and tropical fruit accounts for nearly 40 per cent of the global fruit market.