# Where do bananas come from?

Source: Commodity Origins, https://commodityorigins.com/commodities/bananas/ — data JSON: https://commodityorigins.com/data/commodities/bananas.json — license CC BY 4.0 (upstream data keeps its license; see Sources below).

Bananas come mainly from India, which produced 37.6 million tonnes in 2024, 27% of the world's 139.3 million tonnes (FAOSTAT). China (8.4%), Indonesia (6.6%) and Ecuador (5.4%) follow; the top five together supply 53%. The biggest exporter of bananas and plantains (HS 0803) is Ecuador (27% of world export value in 2024, CEPII BACI). The benchmark price, Central and South America, US import, was $1.1/kg in August 2026, up 8% from a year earlier (World Bank Pink Sheet). Bananas need constant warmth, deep well-drained soil and about 100 millimeters of rain a month with no dry season and no wind, which limits commercial export production to a narrow set of humid tropical lowlands; the countries that dominate the trade are the ones that also sit within reefer-shipping distance of a rich market.

*The world's most traded fresh fruit, grown from clonal plants and shipped green in refrigerated ships.* Also called: banana, cavendish, plantains, dessert bananas.

## Where do bananas come from?

| Rank | Country | Production 2024 (tonnes) | Share |
|---|---|---|---|
| 1 | India | 37.6 million | 27% |
| 2 | China | 11.8 million | 8.4% |
| 3 | Indonesia | 9.3 million | 6.6% |
| 4 | Ecuador | 7.6 million | 5.4% |
| 5 | Brazil | 7 million | 5.1% |
| 6 | Nigeria | 6.9 million | 5% |
| 7 | Philippines | 5.6 million | 4% |
| 8 | Angola | 5.2 million | 3.7% |
| 9 | Tanzania | 3.3 million | 2.3% |
| 10 | Guatemala | 2.8 million | 2% |
| | Rest of world | 0 | 30% |
| | World | 139.3 million | 100% |

Source: FAOSTAT Crops and livestock products (QCL), 2024.

The banana plant is a giant herb, not a tree, and it is unforgiving about climate. It wants temperatures between about 25 and 30 degrees Celsius year-round, no frost, deep and freely draining soil, and rain of roughly a hundred millimeters a month spread evenly, with irrigation where it is not. Its pseudostem is water and fiber, so a strong wind flattens a plantation in an hour and a hurricane ends a season. That combination confines commercial export production to humid tropical lowlands with reliable rainfall, low cyclone risk and flat ground.

In 2024 India grew 37.6 million tonnes, 27% of the world's 139.3 million tonnes (FAOSTAT), followed by China (8.4%), Indonesia (6.6%), Ecuador (5.4%) and Brazil (5.1%). That list is misleading if read as a map of the banana trade, because most of the world's bananas never leave the district where they grow. India and China grow enormous quantities for their own markets. In Nigeria, Angola and much of East Africa the crop is largely a cooking staple eaten within a few days of cutting, closer in role to a potato than to dessert fruit, and FAOSTAT's banana item takes in those cooking types alongside the sweet ones.

The export map is different and much smaller. Ecuador, the Philippines, Costa Rica, Colombia and Guatemala grow bananas as an industrial crop on flat, irrigated, drained land with packing stations in the field and a port within a day's drive. Ecuador's plantations lie on the coastal plain around Guayaquil and Machala, in a rain shadow that keeps disease pressure lower than in the Caribbean; the Philippines grows for Japan, China and Korea from Mindanao; Costa Rica and Guatemala grow on the Caribbean lowlands close to Puerto Limón and Puerto Barrios.

World production has been growing steadily rather than dramatically: it changed +21% over the ten years to 2024 and +14% over five (FAOSTAT). 140 countries reported a crop, and everything outside the top ten still added up to 30%, which is unusually high and reflects how widely bananas are grown for local food. The fastest expansion has been African rather than Latin American: Nigeria grew at +8.8% a year over the decade and Angola at +4.1%, against +1.2% for Ecuador and +0.9% for Costa Rica.


## Who exports and imports bananas?

India and China grow the largest crops but export almost none; the trade is supplied by Ecuador, the Philippines, Costa Rica, Guatemala and Colombia.

### Exporters of bananas, including plantains, fresh or dried (HS 0803), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | Ecuador | $4.2 billion | 27% |
| 2 | Colombia | $1.6 billion | 10% |
| 3 | Guatemala | $1.5 billion | 9.8% |
| 4 | Philippines | $1.5 billion | 9.3% |
| 5 | Costa Rica | $1.4 billion | 9.3% |
| 6 | Netherlands | $391.2 million | 2.5% |
| 7 | Ivory Coast (Côte d'Ivoire) | $388.4 million | 2.5% |
| 8 | Vietnam | $379.8 million | 2.4% |
| 9 | India | $342.7 million | 2.2% |
| 10 | Mexico | $313.9 million | 2% |
| 11 | Germany | $290.9 million | 1.9% |
| 12 | Honduras | $268.1 million | 1.7% |
| 13 | Panama | $264.2 million | 1.7% |
| 14 | Dominican Republic | $261.9 million | 1.7% |
| 15 | Belgium | $241.3 million | 1.5% |

### Importers of bananas, including plantains, fresh or dried (HS 0803), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | United States | $2.9 billion | 19% |
| 2 | Germany | $1 billion | 6.4% |
| 3 | China | $981.1 million | 6.3% |
| 4 | Japan | $930.5 million | 6% |
| 5 | Netherlands | $927.2 million | 5.9% |
| 6 | France | $669.8 million | 4.3% |
| 7 | Russia | $624.7 million | 4% |
| 8 | United Kingdom | $615.2 million | 3.9% |
| 9 | Belgium | $562.7 million | 3.6% |
| 10 | Italy | $553 million | 3.5% |
| 11 | Canada | $507.1 million | 3.3% |
| 12 | South Korea | $373.3 million | 2.4% |
| 13 | Spain | $287.8 million | 1.8% |
| 14 | Saudi Arabia | $272.2 million | 1.7% |
| 15 | Argentina | $214.8 million | 1.4% |

### Exporters of bananas other than plantains, fresh (HS 080390), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | Ecuador | $4 billion | 27% |
| 2 | Costa Rica | $1.4 billion | 9.8% |
| 3 | Colombia | $1.4 billion | 9.8% |
| 4 | Philippines | $1.4 billion | 9.7% |
| 5 | Guatemala | $1.4 billion | 9.3% |
| 6 | Ivory Coast (Côte d'Ivoire) | $382.7 million | 2.6% |
| 7 | Vietnam | $379.2 million | 2.6% |
| 8 | India | $326.9 million | 2.3% |
| 9 | Netherlands | $322.2 million | 2.2% |
| 10 | Mexico | $294.3 million | 2% |
| 11 | Honduras | $264 million | 1.8% |
| 12 | Panama | $260.8 million | 1.8% |
| 13 | Dominican Republic | $258.4 million | 1.8% |
| 14 | Germany | $254.3 million | 1.8% |
| 15 | Belgium | $203.9 million | 1.4% |

### Importers of bananas other than plantains, fresh (HS 080390), 2024

| Rank | Country | Value (US$) | Share |
|---|---|---|---|
| 1 | United States | $2.5 billion | 17% |
| 2 | Germany | $983.5 million | 6.8% |
| 3 | China | $980.5 million | 6.8% |
| 4 | Japan | $929.3 million | 6.4% |
| 5 | Netherlands | $881.2 million | 6.1% |
| 6 | France | $649 million | 4.5% |
| 7 | Russia | $624.4 million | 4.3% |
| 8 | United Kingdom | $579.5 million | 4% |
| 9 | Italy | $522.9 million | 3.6% |
| 10 | Belgium | $515.7 million | 3.6% |
| 11 | Canada | $487.3 million | 3.4% |
| 12 | South Korea | $373.1 million | 2.6% |
| 13 | Spain | $251.5 million | 1.7% |
| 14 | Saudi Arabia | $227.3 million | 1.6% |
| 15 | Argentina | $212.3 million | 1.5% |

Source: CEPII BACI international trade database (HS22, V202601).

Bananas are the most traded fresh fruit in the world, and the trade is far more concentrated than production. In 2024 Ecuador exported $4.2 billion of bananas and plantains (HS 0803), 27% of the world's $15.6 billion (CEPII BACI), more than double the next supplier. Colombia took 10%, Guatemala 9.8%, Philippines 9.3% and Costa Rica 9.3%. Strip out plantains and look only at dessert bananas (HS 080390), a $14.5 billion trade in 2024, and the picture barely changes: Ecuador still leads with 27%, ahead of Costa Rica and Colombia.

On the buying side, United States took 19% of the world's $15.6 billion of imports in 2024, ahead of Germany (6.4%), China (6.3%), Japan (6%) and Netherlands (5.9%) (CEPII BACI). Two of those names are transit points rather than markets. The Netherlands and Belgium appear high because Rotterdam and Antwerp are the discharge ports for northwest Europe, and both re-export a large share inland, which is also why Netherlands and Belgium show up as exporters without growing a commercial crop. Germany does the same on a smaller scale. The pattern to hold on to is that India grows more bananas than anyone and exports 2.2% of world export value, while Ecuador grows a fraction as many and dominates the trade.


## What do bananas cost?

- Central and South America, US import: $1.1/kg in August 2026; 12-month change +8%; 10-year change +6%; all-time high $1.68/kg in December 2022; real high (2024 US$) $2.13/kg in May 1964 (World Bank Pink Sheet).
- Central and South America, Europe import: $1.07/kg in August 2026; 12-month change -4%; 10-year change +19%; all-time high $1.64/kg in March 2008; real high (2024 US$) $2.41/kg in March 2008 (World Bank Pink Sheet).

Prices are monthly benchmark averages that lag the market; not investment advice.

### How they are priced

Bananas have no futures contract. They are too perishable to store and deliver against a standardized contract, and the fruit is not fungible in the way a grain is, so pricing happens through negotiated supply agreements instead. The dominant mechanism is the annual or seasonal contract between a producer or exporter and a supermarket chain or importer, struck for a fixed price per box for a defined weekly volume across a whole year. Northern European retail negotiations, in particular, set a reference that a large part of the trade follows. Outside those contracts there is a spot market for surplus fruit, which is thin, volatile and usually a discount to contract terms. Ecuador adds a further institution: the state sets an official minimum support price per box that exporters must pay growers, and the gap between that official price and the spot price is a running feature of the Ecuadorian market.

The two series charted on this page are import prices, not farm-gate prices. Central and South America, US import was $1.1/kg in August 2026, up 8% from a year earlier (World Bank Pink Sheet), and Central and South America, Europe import was $1.07/kg in August 2026, -4% over the year. The nominal record for the United States series was $1.68/kg in December 2022 and for the European series $1.64/kg in March 2008. What is striking is the long real decline: adjusted for United States inflation, the real high was $2.13/kg back in May 1964, and the series has changed +6% over the past ten years and -11% over five, against a low of $0.11/kg in January 1968 and a start date of 1960.

Two ambiguities matter when reading those numbers. First, both series are landed import prices, so they include ocean freight and insurance and exclude the ripening, distribution and retail margin that make up much of what a shopper pays; the grower's share of the final price is small. Second, a banana price is only meaningful for a stated grade: export fruit is sold by box, at a specified weight, finger length and calibre, and fruit that fails those specifications is worth a fraction of the quoted price or is left in the field. Prices also diverge between the Atlantic and Pacific trades because they are effectively separate markets served by different suppliers.


## What moves the price of bananas?

### Fusarium wilt tropical race 4

The export banana is a single clone, Cavendish, propagated vegetatively, so every plant in every plantation is genetically identical and equally susceptible. Tropical race 4 of Fusarium oxysporum is a soil fungus that blocks the plant's vascular system, persists in the ground for decades and has no chemical cure, so an infected farm is effectively retired. Its arrival in Colombia in 2019 and Peru in 2021 put it inside the region that supplies most of the Atlantic trade, and containment now depends on biosecurity rather than treatment.

### Black sigatoka and fungicide costs

Black leaf streak, caused by Pseudocercospora fijiensis, destroys leaf area and cuts both yield and the time fruit can spend on the boat. Unlike Fusarium it can be controlled, but only by aerial spraying repeated dozens of times a year, which makes fungicide one of the largest cash costs in a plantation budget and one that rises when the fungus develops resistance. Wet years raise spray frequency and cost; restrictions on aerial application raise it further.

### Weather and El Niño

Bananas have no harvest season and no stockpile, so weather affects supply within weeks. Cool water off Ecuador slows bunch filling and delays cutting; unusually warm, wet conditions accelerate it and can create a glut. Wind is the sharpest risk: a tropical storm crossing Central America or a squall line in Mindanao can flatten thousands of hectares, and replanted ground takes the better part of a year to bear again.

### Retail contract negotiations

A handful of European and North American supermarket chains buy a large share of the internationally traded crop and negotiate annual fixed-price contracts. Because those contracts cover most of the volume for a year at a time, the retail negotiation rather than any daily market sets the price most growers receive. Retailers use bananas as a traffic-driving item priced close to cost, which puts persistent downward pressure on the box price passed back down the chain.

### Reefer freight and container availability

Bananas ship at about 13 degrees Celsius in refrigerated containers or specialized reefer vessels, and freight is a large share of the landed cost of a low-value, high-volume cargo. Bunker fuel prices, reefer container availability, and transit constraints such as Panama Canal draft restrictions all feed directly into the import price. When freight tightens, the Atlantic and Pacific trades decouple because rerouting fruit between them is rarely economic.

### Input costs and the box

A plantation buys fertilizer, fungicide, irrigation power, plastic bunch covers, and cardboard boxes, and the box itself is a meaningful cost because every 18 kilograms of fruit needs one. Fertilizer and packaging prices therefore pass into the cost of production quickly. Because contract prices are fixed for a year, an input cost spike compresses grower margins for the remainder of the contract rather than being passed on.

### Tariffs and trade agreements

European Union tariffs on Latin American fruit were the subject of the longest-running dispute in WTO history, settled by the Geneva Agreement of December 2009, which phased the duty down over eight years and ended the preference that African, Caribbean and Pacific suppliers had enjoyed. Tariff schedules still determine which origins can compete in which market, and preferential access is one reason West African fruit reaches Europe while Central American fruit dominates the United States.

### Labor costs and regulation in producing countries

Banana production is labor-intensive year-round rather than seasonal, so wage levels, social security contributions and union agreements are a permanent rather than a peak-season cost. Ecuador's official minimum price per box, Costa Rican labor law and Colombian collective agreements all set a floor under the cost of production. When those floors rise faster than contract prices, exporters shift volume between origins, which is a slow but persistent redistribution of the trade.

## How are bananas produced?

A banana plant is a clone. Commercial plantations are established from suckers taken off an existing mat or, increasingly, from tissue-cultured plantlets, which guarantees uniformity and also guarantees that a pathogen able to attack one plant can attack all of them. A newly planted sucker takes roughly nine to twelve months to throw its flower and another three to four months to fill the bunch. Once established, a mat produces continuously: the parent pseudostem is cut down when its bunch is harvested and a selected follower takes its place, so a well-run field yields every week of the year rather than in a season.

Field work is constant. Plants are propped or guyed against wind, old leaves are cut away to slow disease, the male bud is removed once the fruit has set, and the bunch is enclosed in a treated polythene bag that raises temperature, keeps insects off and protects the skin from scarring. Aerial fungicide keeps black sigatoka off the leaves. Bunches are cut green, at a fixed grade measured by the calibre or thickness of the fingers, because a banana that ripens on the plant splits and cannot be shipped. In the largest plantations, cut bunches are hung on an overhead cable system and towed to the packing station rather than carried.

Packing happens within hours of cutting and is the only processing bananas receive. Bunches are dehanded into clusters, floated in tanks that wash off latex and field heat, treated on the cut crown against rot, graded, weighed and packed into a standard export box holding about 18 kilograms, then palletized and moved into a cold store. Fruit that fails the specification for length, calibre or blemish is rejected at this point, and rejection rates are a real part of plantation economics. The boxes travel at about 13 degrees Celsius, sometimes under controlled atmosphere, for one to four weeks depending on route.

Ripening is a separate industry at the other end. Green bananas are held in sealed rooms, dosed with ethylene gas, and brought through a controlled temperature curve over four to eight days to hit a specified color stage on the day they reach the shop. The by-product streams are modest but real: rejected and over-ripe fruit goes to puree, chips, flour and animal feed, and pseudostem fiber is used for paper and textiles on a small scale.


## What are bananas used for?

The overwhelming majority of bananas are eaten fresh, either as a dessert fruit or, in much of Africa, South Asia and Latin America, as a cooked starch staple. Plantains and cooking bananas are boiled, fried, roasted or pounded, and in the East African highlands they are also brewed into banana beer. This split explains the gap between the production and trade tables: a very large share of the world's 139.3 million tonnes in 2024 (FAOSTAT) is a subsistence and local-market food that never enters commerce beyond a regional market.

Processing takes only a small fraction of the crop. Banana puree, made mostly from fruit that fails export grade, goes into baby food, yogurt, juice blends and bakery products. Dried banana chips are a significant product in the Philippines and India. Green banana flour is used as a gluten-free ingredient and as a source of resistant starch. Because the fruit is cheap, bulky and perishable, none of these processed uses competes with fresh consumption for the best fruit; they are outlets for what the packing station rejects.


## Supply chain and chokepoints

The banana chain is a cold chain with no slack in it. Fruit is cut green, packed the same day, cooled, loaded and must arrive before it ripens, so every link runs to a weekly schedule that repeats all year. Ecuador ships through Guayaquil and Puerto Bolívar; Colombia through Turbo and Santa Marta; Costa Rica through Moín and Puerto Limón; Guatemala through Puerto Barrios and Santo Tomás; Honduras through Puerto Cortés; and the Philippines through Davao and General Santos for the Japanese, Korean and Chinese markets. Arrivals concentrate on the other side at Antwerp, Rotterdam, Hamburg, Dover and Portsmouth for Europe, and Wilmington, Port Everglades, Gulfport and Long Beach for North America.

Ownership is concentrated at the shipping and ripening stages rather than at the farm. A small number of multinational marketers own or charter the reefer capacity, operate the ripening rooms and hold the retail contracts, and independent growers sell into their programs. That gives the marketers control of the two links that cannot be improvised: refrigerated ocean transport on a fixed weekly rotation, and ripening capacity near the consuming city. A grower who loses a program has no alternative outlet for that week's fruit.

The single points of failure are unusually stark. The first is genetic: the export trade rests on one clone, and Fusarium tropical race 4 is now present on three continents, including in Colombia and Peru. The second is geographic: a handful of ports handle almost all export volume, so a strike, a storm or a canal restriction removes an entire week of supply from a market with no inventory. The third is agronomic: black sigatoka control depends on a small number of fungicide chemistries to which the fungus keeps developing resistance. None of these has a stockpile or a substitute standing behind it.


## Key companies

- Chiquita Brands International: grower, shipper and marketer, Switzerland
- Fresh Del Monte Produce: grower, shipper and marketer, United States, listed (FDP)
- Dole plc: grower, shipper and marketer, Ireland, listed (DOLE)
- Fyffes: importer and ripener, Ireland
- Corporación Noboa: Ecuadorian exporter (Bonita), Ecuador
- Uniban: Colombian grower cooperative and exporter, Colombia

## Timeline

- 1870: The first commercial banana cargo to the United States. A schooner carried 160 bunches from Jamaica to Jersey City and sold them at a profit, which showed that bananas could be shipped north before they ripened and started the trade. (https://en.wikipedia.org/wiki/Lorenzo_Dow_Baker)
- 1899-03: The United Fruit Company is formed. A merger of Boston Fruit with Central American railway and land interests on 30 March 1899 created the integrated plantation, railway and shipping company that shaped the industry and the politics of the region for decades. (https://en.wikipedia.org/wiki/United_Fruit_Company)
- 1928-12: The banana massacre in Colombia. Colombian troops fired on striking United Fruit workers at Ciénaga on 6 December 1928 after a strike over contracts, hours and company stores, an event that shaped Colombian politics and the reputation of the banana trade. (https://en.wikipedia.org/wiki/Banana_Massacre)
- 1950: Panama disease spreads worldwide. Race 1 of Fusarium wilt had reached every banana-producing region by 1950, destroying the Gros Michel export banana and forcing the industry to find a resistant replacement. (https://en.wikipedia.org/wiki/Panama_disease)
- 1960: The industry switches to Cavendish. Growers replanted infested Central American soils with Cavendish cultivars, which resisted race 1, creating the single-clone monoculture that the export trade still depends on. (https://en.wikipedia.org/wiki/Panama_disease)
- 1989: Tropical race 4 identified in Taiwan. A new strain of Fusarium wilt able to kill Cavendish was identified, and it went on to devastate plantations in Indonesia and Malaysia through the 1990s. (https://en.wikipedia.org/wiki/Panama_disease)
- 1993-07: The EU single banana market. Council Regulation 404/93 applied from 1 July 1993, creating a tariff quota that favored African, Caribbean and Pacific suppliers and triggering the longest-running dispute in WTO history. (https://www.legislation.gov.uk/eur/1993/404/2007-01-01)
- 2009-12: The Geneva Agreement on Trade in Bananas. The EU agreed on 15 December 2009 to cut its tariff on Latin American bananas in stages through 2017 in exchange for the withdrawal of WTO complaints, ending sixteen years of litigation. (https://ustr.gov/about-us/policy-offices/press-office/press-releases/2010/june/us-eu-sign-agreement-designed-settle-bananas-dispute)
- 2013: TR4 reaches the Middle East. The soil fungus was confirmed in Jordan and, by 2015, in Mozambique and Oman, showing that it could cross oceans on planting material, soil and machinery. (https://en.wikipedia.org/wiki/Panama_disease)
- 2019-08: TR4 confirmed in Colombia. Colombia declared a national emergency on 8 August 2019 after the first confirmation in Latin America, in La Guajira, and began eradicating plants across quarantined farmland. (https://www.science.org/content/article/colombia-confirms-dreaded-fungus-has-hit-its-banana-plantations)
- 2021-04: TR4 confirmed in Peru. Peru declared a phytosanitary emergency in April 2021 after detection in Piura, its main export region, making it the second Latin American country with the disease. (https://www.ippc.int/en/news/devastating-banana-disease-reported-in-peru/)

## Frequently asked questions

### Which country produces the most bananas?

India grew 37.6 million tonnes in 2024, 27% of the world's 139.3 million tonnes (FAOSTAT), ahead of China at 8.4% and Indonesia at 6.6%. India exports almost none of that fruit. Most of the world's bananas are eaten close to where they grow, so the production ranking is not the export ranking.

### Which country exports the most bananas?

Ecuador exported $4.2 billion in 2024, 27% of the world's $15.6 billion of banana and plantain exports (CEPII BACI), more than double Colombia at 10%. Guatemala, Philippines and Costa Rica follow. Ecuador leads because its coastal plain has low disease pressure, irrigation and ports within a day of the fields.

### Which country imports the most bananas?

United States took 19% of the world's $15.6 billion of banana imports in 2024, ahead of Germany at 6.4%, China at 6.3% and Japan at 6% (CEPII BACI). The Netherlands and Belgium also rank high because Rotterdam and Antwerp discharge fruit that is then trucked across Europe.

### How much do bananas cost?

Central and South America, US import was $1.1/kg in August 2026, up 8% from a year earlier, and the Central and South America, Europe import price was $1.07/kg in the same month (World Bank Pink Sheet). Both are landed import prices that include ocean freight and insurance; they are not farm-gate prices and they exclude ripening, distribution and retail margin. The record for the US series was $1.68/kg in December 2022.

### Why are bananas so cheap?

They are harvested every week of the year, shipped in enormous standardized volumes, and used by supermarkets as a price-signaling item sold close to cost. In real terms they have got cheaper: adjusted for inflation the US import price peaked at $2.13/kg in May 1964, against $1.1/kg in August 2026 (World Bank Pink Sheet).

### What is TR4 and could it wipe out bananas?

Tropical race 4 is a soil fungus that kills Cavendish, the single clone behind almost all exported bananas. It has no chemical cure and survives in soil for decades. Identified in Taiwan in 1989, it reached Colombia in 2019 and Peru in 2021. It threatens the export trade, not the world's 139.3 million tonnes of production in 2024, much of which is other varieties (FAOSTAT).

### Are all bananas the same variety?

Nearly all exported bananas are Cavendish, a single clone propagated vegetatively, which is why disease spreads so easily through the trade. Hundreds of other cultivars are grown for local eating and cooking, and they make up a large share of the 139.3 million tonnes the world produced in 2024 (FAOSTAT), including most of the crop in Africa and South Asia.

### Is there a futures market for bananas?

No. Bananas are too perishable to store or deliver against a standardized contract, so the trade runs on annual fixed-price supply agreements between exporters and supermarket chains, plus a thin spot market for surplus fruit. The reference series here, Central and South America, US import, was $1.1/kg in August 2026 (World Bank Pink Sheet).

### How long does it take to grow a banana?

A newly planted sucker takes about nine to twelve months to flower and another three to four months to fill its bunch, after which the mat produces continuously as followers replace each harvested stem. There is no season: fruit is cut every week of the year, which is why the world grew 139.3 million tonnes in 2024 without a harvest peak (FAOSTAT).

## Sources

- FAOSTAT Crops and livestock products (QCL), 2024. License: CC BY 4.0 (FAO Statistical Database Terms of Use). https://www.fao.org/faostat/en/#data/QCL
- CEPII BACI international trade database (HS22, V202601), BACI HS22 V202601, fetched 6 September 2026. License: Etalab Open Licence 2.0. https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37
- World Bank Commodity Price Data (The Pink Sheet), 2026-09-02, fetched 6 September 2026. License: CC BY 4.0. https://www.worldbank.org/en/research/commodity-markets

Text last reviewed 2026-09-06. Cite as: Commodity Origins, "Where do bananas come from?", https://commodityorigins.com/commodities/bananas/.