Fresh Del Monte CEO Warns of Banana Crop Crisis
Fresh Del Monte's CEO, Mohammad Abu-Ghazaleh, has sounded the alarm over the threat of Fusarium Tropical Race 4 (TR4) and Black Sigatoka to the global banana crop.
“It’s a losing battle”
Abu-Ghazaleh warned that the industry is facing a serious crisis, which could lead to a shortage of bananas and a significant increase in prices.
“There will come a time that people realize that there are not enough bananas, and prices will shoot up”
The CEO expressed concern that the Cavendish banana, the most widely consumed variety, could be wiped out by the disease, just like the Gros Michel banana was in the 1950s.
- Fusarium Tropical Race 4 (TR4) and Black Sigatoka are threatening banana crops in key growing regions.
- Fresh Del Monte grows bananas in Costa Rica, Guatemala, and the Philippines, and purchases from growers worldwide.
Author's summary: Fresh Del Monte's CEO warns of a looming banana crop crisis.