The economy of Honduras is based mostly on agriculture, which accounts for 14% of its gross domestic product (GDP) in 2013. The country's leading export is coffee (US$340 million), which accounted for 22% of the total Honduran export revenues. Bananas, formerly the country's second-largest export until being virtually wiped out by 1998's Hurricane Mitch, recovered in 2000 to 57% of pre-Mitch levels. Cultivated shrimp is another important export sector. Since the late 1970s, towns in the north began industrial production through maquiladoras, especially in San Pedro Sula and Puerto Cortés.
A banana is an elongated, edible fruit – botanically a berry – produced by several kinds of large herbaceous flowering plants in the genus Musa. In some countries, bananas used for cooking may be called "plantains", distinguishing them from dessert bananas. The fruit is variable in size, color, and firmness, but is usually elongated and curved, with soft flesh rich in starch covered with a rind, which may be green, yellow, red, purple, or brown when ripe. The fruits grow upward in clusters near the top of the plant. Almost all modern edible seedless (parthenocarp) bananas come from two wild species – Musa acuminata and Musa balbisiana. The scientific names of most cultivated bananas are Musa acuminata, Musa balbisiana, and Musa × paradisiaca for the hybrid Musa acuminata × M. balbisiana, depending on their genomic constitution. The old scientific name for this hybrid, Musa sapientum, is no longer used.
The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia and the West Indies. Although it competed with the Standard Fruit Company for dominance in the international banana trade, it maintained a virtual monopoly in certain regions, some of which came to be called banana republics – such as Costa Rica, Honduras, and Guatemala.
Chiquita Brands International Sàrl, formerly known as Chiquita Brands International Inc. and United Fruit Co., is a Swiss-domiciled American producer and distributor of bananas and other produce. The company operates under a number of subsidiary brand names, including the flagship Chiquita brand and Fresh Express salads. Chiquita is the leading distributor of bananas in the United States.
A reefer ship is a refrigerated cargo ship typically used to transport perishable cargo, which require temperature-controlled handling, such as fruits, meat, vegetables, dairy products, and similar items.
Cavendish bananas are the fruits of one of a number of banana cultivars belonging to the Cavendish subgroup of the AAA banana cultivar group. The same term is also used to describe the plants on which the bananas grow.
Fyffes plc is a fruit and fresh produce company. The Fyffes brand is most closely associated with the banana industry, although it is applied to a wide range of fruits and fresh produce, including the Fyffes Gold Pineapples, and Fyffes melons.
Minor Cooper Keith was an American businessman whose railroad, commercial agriculture, and cargo liner enterprises had a major impact on the national economies of the Central American countries, as well as on the Caribbean region of Colombia. Keith's work on the Costa Rican railroad to the Caribbean, a project begun by his uncle Henry Meiggs, led him to become involved with in the large-scale export of bananas to the United States. In 1899, Keith's banana-trading concerns were absorbed into the powerful United Fruit Company, of which he became vice-president. Keith was also involved in a number of other business ventures, including gold mining in Costa Rica and real estate development in the US.
The Banana Wars were a series of conflicts that consisted of military occupation, police action, and intervention by the United States in Central America and the Caribbean between the end of the Spanish–American War in 1898 and the inception of the Good Neighbor Policy in 1934. The military interventions were primarily carried out by the United States Marine Corps, who also developed a manual, the Small Wars Manual (1921) based on their experiences. On occasion, the United States Navy provided gunfire support and troops from the United States Army were also deployed.
Gros Michel, often translated and known as "Big Mike", is an export cultivar of banana and was, until the 1950s, the main variety grown. The physical properties of the Gros Michel make it an excellent export produce; its thick peel makes it resilient to bruising during transport and the dense bunches that it grows in make it easy to ship.
Rail transport in Central America consists of several isolated railroad lines with freight or passenger service. The most famous one is the Panama Canal Railway, the oldest transcontinental railroad in the world, connecting Panama City with Colón since 1855. Other railroads in Belize, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama were built by private and public investors mainly to facilitate the transport of local agricultural produce to export markets and harbors. Their market share and profitability went into decline in the second half of the twentieth century and most lines have been decommissioned by the end of the 1990s. As of 2018, railroads operate locally in Honduras, Costa Rica and Panama only; all rail transport has been suspended in Belize, El Salvador, Guatemala and Nicaragua. The railways still operating do not cross national borders.
In political science, the term banana republic describes a politically unstable country with an economy dependent upon the export of natural resources. In 1904, the American author O. Henry coined the term to describe Honduras and neighboring countries under economic exploitation by U.S. corporations, such as the United Fruit Company. Typically, a banana republic has a society of extremely stratified social classes, usually a large impoverished working class and a ruling class plutocracy, composed of the business, political, and military elites. The ruling class controls the primary sector of the economy by way of the exploitation of labor; thus, the term banana republic is a pejorative descriptor for a servile oligarchy that abets and supports, for kickbacks, the exploitation of large-scale plantation agriculture, especially banana cultivation.
Red bananas are a group of varieties of banana with reddish-purple skin. Some are smaller and plumper than the common Cavendish banana, others much larger. When ripe, raw red bananas have a flesh that is cream to light pink in color. They are also softer and sweeter than the yellow Cavendish varieties, some with a slight raspberry flavor and others with an earthy one. Many red bananas are exported by producers in East Africa, Asia, South America and the United Arab Emirates. They are a favorite in Central America as a form of aphrodisiac juice, along with being a favourite in India in order to promote fertility but are sold throughout the world.
Banana production in Honduras plays an important role in the economy of Honduras. In 1992, the revenue generated from banana sales amounted to US$287 million and along with the coffee industry accounted for some 50% of exports. Honduras produced 861,000 tons of bananas in 1999.. The two corporations, Chiquita Brands International and the Dole Food Company are responsible for most Honduran banana production and exports.
Banana production in Panama has traditionally played an important role in the Panamanian economy since around the beginning of the twentieth century.
A banana plantation is a commercial agricultural facility found in tropical climates where bananas are grown.
Banana boat is a descriptive nickname that was given to fast ships, also called banana carriers, engaged in the banana trade. They were designed to transport easily spoiled bananas rapidly from tropical growing areas to North America and Europe. They often carried passengers as well as fruit.
The western Caribbean zone is a region consisting of the Caribbean coasts of Central America and Colombia, from the Yucatán Peninsula in southern Mexico to the Caribbean region in northern Colombia, and the islands west of Jamaica are also included. The zone emerged in the late sixteenth century as the Spanish failed to completely conquer many sections of the coast, and northern European powers supported opposition to Spain, sometimes through alliances with local powers.
The Boston Fruit Company (1885-1899) was a fruit production and import business based in the port of Boston, Massachusetts. Andrew W. Preston and nine others established the firm to ship bananas and other fruit from the West Indies to north-eastern America. At the time, the banana was "considered a rare and delicious treat" in the United States. The major challenge for all banana importers was to get the highly perishable fruit to the American market before it spoiled." Ship captain Lorenzo Dow Baker served as president of the company and manager of the tropical division. By 1895 "the corporation own[ed] nearly 40,000 acres, included in 35 plantations, and deep-water frontage [in Jamaica] in the harbors of Port Antonio and Port Morant. They owned their own lines of steamships, which they operated between those ports and Boston, Philadelphia and Baltimore. Besides carrying their own fruits, they carried some outside freight, and afford passenger accommodations for many tourists visiting the West-India Islands."
Banana production in Ecuador is important to the national economy. Ecuador is one of the world's top banana producers, ranked 5th with an annual production of 8 million tonnes as of 2011. The country exports more than 4 million tonnes annually. The crop is mostly grown on private plantations which sell their crop to national and international companies such as Chiquita, Del Monte, Dole, and Noboa. and others.
