True price for consumers: Bananas
One of the most traded fruits in the world and an essential income good to many farmers in developing countries.
But what is the true costs of the banana you eat?
Bananas: Fairtrade Colombia, Dominican Republic, Ecuador and Peru
The true price of a banana varies depending on its origin. The total of external costs for Fairtrade Bananas is US$ 3.65, which is significantly lower than the sector benchmark. The total external costs of sector benchmark bananas is US$ 6.70.
- Location: Colombia, Dominican Republic, Ecuador and Peru
- Year: 2017
- Description: True Price conducted a global study examining the externalities of banana production in four countries: Colombia, Dominican Republic, Ecuador and Peru. Using data collected from trusted local contacts, we measured and quantified social impacts including underpayment, harassment and job security to understand the most material social costs to this sector.
