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.
“There will come a time that people realize that there are not enough bananas, and prices will shoot up,”
Abu-Ghazaleh warned that the industry is facing a "losing battle" against these diseases, which could have devastating consequences for the crop. He noted that the issue is not just a concern for Fresh Del Monte, but for the entire industry.
The CEO's comments come as the Cavendish banana, which dominates international markets, faces a similar threat to the Gros Michel, which was wiped out by a different strain of the disease in the 1950s.
- Fusarium Tropical Race 4 (TR4) and Black Sigatoka are threatening banana crops in key growing regions.
- The industry is facing a "losing battle" against these diseases.
- The Cavendish banana is at risk of being devastated by the disease.
Author's summary: Fresh Del Monte CEO warns of banana crop crisis due to fungal disease.
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