Yes, you are paying too much for bananas
Frustrated fruit lovers are driving a blackmarket in backyard bananas. Yes, you read that right. Just as the prohibition days of the 1920s drove US residents into underground gin joints, sky-high banana prices are driving Australian lovers of the golden fruit to seek alternate sources for their daily fix.
In a press release titled ''Consumers urged not to plant backyard bananas'',
the Australian Banana Growers' Council warns citizens to think twice before planting a private banana crop lest they contribute to the spread of the world's most devastating banana disease, the banana bunchy top virus.While acknowledging it is not illegal to plant bananas in one's backyard, the council is keen to assure would-be competitors that prices will be down again before backyard crops are ready to fruit.
The banana lobby holds great sway, representing, as it does, the interests of thousands of growers. Indeed, Australia has one of the most highly regulated and protected banana growing industries in the world.
Growers are protected from foreign competition by tough import restrictions and quarantine laws.
During times of banana plenty, this is great news for consumers, who enjoy some of the best-quality, disease-free fruit in the world.
Free trade unlocks opportunities for countries to produce what they are most efficient at - can produce at lowest cost - boosting living standards for all. Moves to dismantle import tariffs in the 1980s and 1990s, while tough on domestic competitors, helped create the low-inflation world we now enjoy.
Feeling cheated by paying $15 a kilo for bananas? You should be.
Read more: http://www.smh.com.au/opinion/society-and-culture/yes-you-are-paying-too-much-for-bananas-20110729-1i4a6.html#ixzz1TkJo2ax7
Amaad....you are missing the point of the debate ie