Bananas are a fruit grown from a tropical plant (an herb, more or less) that resembles a tree (although not woody – so technically not a tree).
The plant grows rather fast (12-18) months and produces a fair amount of fruit per acre. The plant is quite hardy. Taking care of a plantation is relatively easy although manually intensive. This is why bananas grown for sales tend to be in lower wage areas. The plants don’t need to be replanted because it naturally produces suckers that will eventually grow into new trunks and fruit.
The fruits are usually picked before they’re ripe and at that stage, they’re pretty hard and therefore transporting bananas is also relatively easy even over long distances. Bananas will ripen even after picked and this process is usually hastened (by gas) during transportation or at the destination point.
All in all, this makes bananas relatively inexpensive to grow and sell. Since it is carbohydrate and nutritionally dense, it is used as a staple food in many regions – demand is therefore also not a problem.
When I worked in the produce dept. for Walmart, we were told that bananas are the number one selling item in the store. I don’t know who of you have seen the banana displays at Walmarts but they are huge. I had to constantly fill bananas during my shift. If I didn’t stay on top of it, I would sometimes have to use 6-8 boxes to refill just half of the display after only a couple hours. We would receive a pallet every day and sure enough, at .59 cents per pound, we would be out by the end of the day.
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