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Why The Banana Business Of Chiquita And Dole Is At Risk

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A deadly fungus is spreading from Southeast Asia and wiping out whole plantations of America's favorite fruit: the banana. The tropical fruit's popularity is thanks to a few pioneering entrepreneurs, who founded Chiquita under a different name over a century ago. Now, the business they built is at risk of decimation if the fungus reaches Latin America, the source of 97% of the U.S.' banana imports. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Dole #Chiquita Why The Banana Business Of Chiquita And Dole Is At Risk
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Text Comments (2771)
CNBC (3 months ago)
Are you worried that bananas will go extinct?
borko masterimot (8 days ago)
Yes, I'm really worried!
Brijesh Patel (13 days ago)
You must use the resistant gene in Cavendish for them to still survive.
Victor Salgado (25 days ago)
The question must be, Are we worried that Cavendish bananas will go extint? And the answer is NO, at least here in Latin America we eat many variety of bananas, and in different ways.
NEGUS MBARKA (29 days ago)
CNBC el pulpo will continue
markeen mehogne (1 month ago)
yes, people will have hypokalemia.. (lack of potassium in the blood)
Mohame Farah (5 days ago)
Am eating banana while watching this.....
Dima Gass (6 days ago)
Frank Smith (8 days ago)
If you've ever been to Southeast Asia, you know there are FAR more interesting and tastier varieties of banana, which make the Cavendish seem boring in comparison.
demsy ciu (10 days ago)
do american fried their banana?
Gustavo Medrano (11 days ago)
same thing that happened with bananas is happening today with oil, look at the USA backing an evil monarchy in the middle east, trying it best to get in a fight with Iran and Venezuela, those are real humans suffering at this moment and it looks like things could go worst for them in the future while people in the usa don't even know all the wars the usa have been involve in the last 5 years direly or indirectly... and the media love backing those wars and don't say anything about it or try to prevent or get out of those wars...
julius jones (12 days ago)
This is the kond of nideo my tax sdkollars are pauing for
jim beam (13 days ago)
It's all their fault ...they took all the seeds out of everything....WE ARE SCREWED!
Keith X (15 days ago)
Nothing has changed . Banana, drugs, opium, oil, sugar, banking ... wars declared on behalf of the cooperate interest.
Veronica Rossi (15 days ago)
In Argentina we get all sorts of bananas. We have red bananas that are tiny, and yellow normal ones, and then a smaller version and a tiny version.
Chris Gilliam Man Stuff (12 days ago)
I grow several varieties in my yard, but rarely get any. Can't wait for my first red ones to make.😉
Joseph Mai (18 days ago)
How bout gmo bananas and I know people would say gmo is bad but gmo saved the Hawaiian papaya
Chris Gilliam Man Stuff (12 days ago)
@Riki Rikin kanayin Idiot.
Riki Rikin kanayin (17 days ago)
Oh shut up you white people and your mono agriculture practises are destroying many varieties of plants so people pay for your seed this why you create problems in other nations and you have refugees crisis and than you cry about themis thanks to central american slave labor and land giving to united fruit company that stablish your first multinational by putting puppets government at some point something in your brain has to click that is not working out for you.
Salman Ariffin (19 days ago)
Before you eat a banana, always remember the number one rule: 1. Never make eye contact while eating a banana
Erick Palacios (19 days ago)
Ah, the greedy capitalist monster that is the US. Such a horrible national history any way you look at it. SMH
Konstantinos Valkanas (21 days ago)
2:54 did she just called Papua a "tiny" island??? Wth
Soumyakanti Chakraborty (21 days ago)
US is a criminal enterprise of white businessmen.
Chris Gilliam Man Stuff (12 days ago)
You sound jealous.
Doug SwampRat (22 days ago)
The US causing conflicts and trying to politically influence other countries? No, never. *cough* oil *cough*
jb411000 (24 days ago)
Give me a break. Not hearing from an America 'expert'.
Muf (25 days ago)
You forgot to mention the part where researchers in Honduras over the past 30 years have bred a variety of banana with a taste similar to the superior Gros Michel but resistant to all known forms of Panama disease, without the use of genetic splicing (GMO). It's called the Goldfinger.
Hanyue Li (26 days ago)
Amazon is the modern United Food.
Father Finger (27 days ago)
For Love And Hugs (28 days ago)
I don't think Cavendish bananas are that good....it's flavorless compared to Asian types
Roshan Panda (28 days ago)
yes, esp American women. They are Bananas after Big Bananas.
chancy319 (29 days ago)
This is just propaganda to increase banana prices.
Leam D (29 days ago)
So basically the US is largely responsible for supressing the rights of latin americans and thus largely responsible for the migrant crisis.
Markstubation01 (1 month ago)
I'd be interested to see what a Gros Michel taste like.
kdfosifki (1 month ago)
What is the song playing during the history portion? :D
NEGUS MBARKA (29 days ago)
Kai Zhang (1 month ago)
You forgot to mention operation PBSUCCESS, a coup d'etat carried out by CIA, authorized by U.S President Eisenhower, to overthrow the democratically elected President of Guatemala and installed a dictatorship, just because Guatemalan wanted to take back its own banana land :) and "Communism" is nothing but a label that U.S government uses so that its terrorism seems somewhat righteous.
Sarah Vittrup (1 month ago)
i really dont understand the fear of GMO if we have the knowledge we can improve these plants to fit our every need, it seems like a the perfect solution. i also scuff at people who only want food made in thier own country :/
Chris Gilliam Man Stuff (12 days ago)
Scientifically illiterate people are scared of GMO.
Blake McAndless (1 month ago)
That colonialist apparatus that lead to genocide and generations of civil war in Guatemala and elsewhere is still firmly in place today. And people wonder why there are caravans.
t84t748748t6 (1 month ago)
wait u call it panama disease but it hasn't reacht latin america i thought panama is in latin america
t84t748748t6 (1 month ago)
ya watch the hole video and nowe i understand
Mr. P. Enis (1 month ago)
I'm eating a banana right now
QBuild Pro (1 month ago)
Banana sounds like such a silly word
shaa141 (1 month ago)
USA murdered 3000 people's for bananas myself never believed USA did war for oil but now I am believing
Zyo (1 month ago)
So before oil, there is banana. America always finds way to wage wars.
Farid Manshaii (1 month ago)
Just use CRISPR-CAS9 to create immunity to the disease and fungus.
emeaney3 (1 month ago)
so we'll have to settle for another of the 1000's of banana varieties...
Vinod Nair (1 month ago)
Well we are lucky, we have 100s of banana varieties in Kerala.
MARIN (1 month ago)
I did'nt know there was so much blood in our bananas.
Dadson worldwide (1 month ago)
yes because there all one dna .bannas have been attacked before . this means one disesse can effect then all
David Rodriguez (1 month ago)
You should have covered also the political and social mess the united fruit company and another big companies did in central america specially
Bcat BB (1 month ago)
I don’t mind, never did like this variety much anyways. I prefer the smaller and much sweeter one
asd asdasdad (1 month ago)
Minions left the chat
Jacob Mecklenborg (1 month ago)
This video missed the wild episode in Chiquita history when it was bought by Cincinnati insurance and gas station magnate Carl Lindner, Jr., and moved around 1987 from New York to a midwestern city with a small-time local media. Except in 1998 the Cincinnati Enquirer hacked its internal voicemail system and uncovered all sorts of illegal stuff going on. Uncle Carl and his army of lawyers attacked The Enquirer and forced it to retract that stories, pay it $10 million, and sign an agreement to never write an investigative piece on another Lindner-owned business. http://dlib.nyu.edu/undercover/chiquita-banana-expose-cincinnati-enquirer
Earl Gray (1 month ago)
Banana Cabana
fa rang (1 month ago)
0:20 "specifically we like this banana : the cavendish" lol no that's the least good of all bananas but it's the only available since it's the only one produced on an industrial level, wrong premice i'm afraid
neptune dragon (1 month ago)
mass extinction on the way. nature must balance the ever-growing bannana population
Don KiksBiscuits (1 month ago)
Soon there will be too many people and not enough bananas or they aren't growing fast enough to supply the demand
Twatical (1 month ago)
Anything else Einstein?
Louis Vargas (1 month ago)
CiA is responsible for this Panama disease.
Bearded Elder (1 month ago)
Change the hair style, lose some weight and remove those disgusting nails.
Batam City Tour (1 month ago)
In Indonesia we prefer our native Bananas instead of that filthy genes Cavendish GMO, why so? because we prefer the smaller variance for fried Banana snacks and the wild variance one with seedlings for Banana Chips... Cavendish costs about S$0.60 per pcs... Which is expensive for the mainstream Indonesian... Please do not export your filthy genes in our market...
Lanijiro _ (1 month ago)
Cool video. Thanks
Mary A (1 month ago)
WOW - heard about the infamous US banana companies running rampant in Costa Rica - didn't know about the Colombia massacre ! JUST MORE PROOF of the "Evil Empire" treating Latin America as its "backyard". PLEASE read "Secret History of the American Empire" by Perkins (Amazon.com). As a "corporate hitman / jackal", he participated in bribing, blackmailing, and otherwise coercing 3rd World leaders into "dancing to Uncle Sam's tune". If they refused, the US military was sent in as "Mafia enforcers", to bring REGIME CHANGE to the country. SOUND FAMILIAR ???
blue03r6 (1 month ago)
bananas are actually highly genetically modified. GMO. food for thought. what you buy at the store is not how a banana looked 100 years ago. fruits in general are full of sugar. sugar is shown to be the causes of many cancers in the latest research. you can actually gain weight eating bananas and other fruits. these companies are just lying their asses off to consumers about the health benefits of their products. fruits should only be consumed in small amounts
Al Bundy (1 month ago)
Machine Gunning 3000 civilians , " Name of Freedom " or Just " Greed " then and now Nothing Change from American Imperialism .
Augustine Lee (1 month ago)
i should really think twice before buying chiquita anything ever again. even dole....
Genius by Design (1 month ago)
Great VID !!! MORE PLZ
David Canatella (1 month ago)
Transport economies always mean slavery and murder, so i'll eat only my own thanks.
Ali Labeeb Alkoka (1 month ago)
Honestly this is one of the many problems with living this modern lifestyle. People in living in Europe and the United States wanting to eat tropical fruits. So as a result of everyone wanting to grow the same bananas all over the world to supply the demands of a few countries that can not grow it locally. Basically a disease breaks out killing the very type of bananas that are in demand. Not no mention if you believe in global warming / climate change all of the carbon and other resources that are used to supply you with banana. Honestly people just need to eat what can be grown locally in their region of the world. Do not like what is available think about living somewhere else where you can get it. Honestly the future is going to be very different than today no matter what and it will probably be in that people will just not be having all of the goods that were once available. Bananas is very likely to be one of the goods. Honestly the only real way to save the bananas is going to be GMO. I am not against GMO. The only reason that GMO are need or even exist is to supply unnatural demand for limited few varieties of produce to being with which is the product of modern consumer demands of wanting everything to be the same. Bananas have Panama Disease Citrus have Greening Disease I am sure there are others out there. Allot of people do not understand that. GMOs are going to be needed if you are going to want certain foods. Otherwise you are just going to have to live without the produce in your life. The future is either GMO produce or just not having certain produce. The choice is in the hands of the consumers. PS I grow bananas in my back yard and have different kinds. I have studied about edible plants as a hobby.
NL3044 (1 month ago)
Oh so the US gave Colombia a dose a freedom for their own foreign interest? this doesn't sound like the selfless world police US we all know.........
Danto Johnson (1 month ago)
There go the hippies with their anti GMO nonsense...
Stoic Park (1 month ago)
Inflating the price of banana incoming.
Joshua yew (1 month ago)
There are so many banana types in Malaysia i am from Malaysia
Rafał Mańka (1 month ago)
Bananas are not responsible for violence in Latin America. Socialism is.
J O (1 month ago)
* bonana
Yifan Wang (1 month ago)
banana Republic...
John Q Country (1 month ago)
cnbc fake news garbage.
MassDynamic (1 month ago)
there are other species of banana anyways. no biggie
Scarlett Cobain (1 month ago)
I was listening to this while cleaning my room and heard “EL PUTO” not el pulpo lmao 🤣
Carlo Munoz (1 month ago)
Even in Costa Rica, banana companies are infamous for the terrible conditions the gave to workers and the corruption they brought, even today, with a much more solid state, they are not great. By the way, the term "Banana Republic" is a very offensive term, think of it as an N-word of sorts.
Coisa DaLatinoamerica (1 month ago)
Who here heard El Puto?
brulez123 (1 month ago)
Really interesting and well-organized video.
Cold Forged (1 month ago)
"Historians say; It was more of a convenient excuse than a legitimate threat." Repeat for Venezuela.
MrDoboz (1 month ago)
noo mah bananas!
S Kirki (1 month ago)
yet china is evil. in the words of scarface " you call me the bad guy, what that make you, good?" fall of the west possibly best thing that could happen to many poorer nations.
navaku (1 month ago)
so; no bananas... so what???
Andy Wolf (1 month ago)
Maybe it has to happen, sooner or later , nothing lasts forever .
Andy Wolf (1 month ago)
so basically banas can be the same but have different shapes and size and other bits .Industry is flawed and will have to change or else.
Andy Wolf (1 month ago)
strikes in usa are not widespread , I still wait for traffic controllers , rail all different industires to go strike . America seems like a bad country sometimes.
Rex Longfellow (1 month ago)
Ahh governments protecting the rights of the tiny corporation against men, women and children! Warms my heart...
plasma lasgun (1 month ago)
These 'entrepreneurs' have perpetuated the 'peculiar institution' throughout latin america
err0r0b0 (1 month ago)
War War never changes
James Thomas (1 month ago)
So why call it the "Panama disease" if its not even in or started in Panama?
joseph Stalin (1 month ago)
So I can literally screw over an entire industry by bringing the disease?
Senthil Kumar N (1 month ago)
Wonderfully explained.. Thanks for your efforts...
Saleem Bhittani (1 month ago)
And the same US roam around the world preaching regarding the Dictorial conduct of CHINA buisness... The Human race has been dishonored by US than Satan
Epic NEd (1 month ago)
Can you genetically modify the cavendish?
Jarrod Yuki (1 month ago)
gene editing can solve the problem.
Russ Gallagher (1 month ago)
OK, United Fruit may have owned "twenty percent of all arable land in Guatemala" BUT in exchange for bananas the country was able to import rice, beans, and other food staples. You can only EAT so many bananas before you "GO BANANAS!"
Kimchi Koalaa (1 month ago)
Eve ate a banana, LOL
avatarion (1 month ago)
Mark Moberg, eh? Of course it's a Jew demonizing white men.
Fuck you Fuck you (1 month ago)
learn to code
Wild Fire Vodka (1 month ago)
Alex Barkman (1 month ago)
this needs to be a hollywood film
Shane H (1 month ago)
I enjoyed your video but I wish you would have mentioned Sam Zemurray and he has a book on how he became the Banana King which is very interesting. He basically built LSU with donations.
Gerson Menga (2 months ago)
PLEASE!! Make them genetically modified and add some more vitamins. Nothing wrong with science saving fruits and food.
Clos MasMas (2 months ago)
The apple banana is the best (If you’re from Hawai’i, you know)
Alex Barkman (1 month ago)
glad i know now
Kelsomatic (2 months ago)
"That crunch right there" That man is sick.
The road to Ireland (2 months ago)
This is bananas.
C A (2 months ago)
Meh, I would not be surprised  in a few years we will find out some company came up with a banana GMO plant that is resistant to these diseases, or that these companies are encouraging and spreading this disease on purpose. Cut the supply, increase the price. Fix the problem they produce and make millions on the way.
boeuf3000 (2 months ago)
Maybe Aho girl is going to sober up if all the bananas are gone