Banana industry
In 2016, world production of bananas and plantains was 148 million tonnes, led by India and China with a combined total (only for bananas) of 28% of global production (table). Other major producers were the Philippines, Ecuador, Indonesia, and Brazil, together accounting for 20% of the world total of bananas and plantains (table).
Magpet, Cotabato
Banana covers the largest plantation area in the municipality with a total of 2,123.30 hectares and has a total of 940,531,500.00 metric tons per year as of December 31, 2013 data. ThisLacatan banana variety is being sold to the local market and transported to Cities like Manila, Cebu, Iloilo and Cagayan de Oro via Davao City.