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La Palma volcano causes $116 mln in losses to island's banana sector

The Canary Islands continue to suffer as the La Palma volcano has destroyed nearly 400 acres of banana plantations. The regional government of the Canary Islands estimated the volcano has already caused 100 million euros, or $116 million, in losses for the banana industry, a sector that provides 30 percent of the economic life of the island.

Over 390 acres of banana plantations have been ruined, and more than 700 additional acres have been cut off from roads, covered in lava on the island's western side.


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