Why The Banana Business Of Chiquita And Dole Is At Risk

CNBC

Apr 21, 2019

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.

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