Recently, experts say the price of banana will rise, which partly explains why the banana market size estimates reach US$146.56 billion by 2029, from US $140 billion this year, growing at a compound annual growth rate (CAGR) of 0.8 percent during the forecast period (2024-2029).
I wonder how much the fungal disease that is plaguing the Cavendish Banana variety ( the chief variety sold around the world.) is also contributing to this price rise while also being exacerbated due to monoculture farming practices and increased climate temperatures.
The fungi disease results in reduced yields of banana, and since reduced yields will be exacerbated by monoculture farming practices and climate change, price increases become inevitable going forwards, especially when seen within the context of rising demand from population growth.
I wonder how much the fungal disease that is plaguing the Cavendish Banana variety ( the chief variety sold around the world.) is also contributing to this price rise while also being exacerbated due to monoculture farming practices and increased climate temperatures.
The fungi disease results in reduced yields of banana, and since reduced yields will be exacerbated by monoculture farming practices and climate change, price increases become inevitable going forwards, especially when seen within the context of rising demand from population growth.