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Taiwan banana price drops nearly 70%

Two continuous hurricanes last year destroyed around 80% of the banana plantations in Taiwan. As a consequence, banana growers all replanted at the same time meaning that they have also all become ripe at the same time. With such high production volumes, banana growers have promoting their bananas. According to the average price indicated by Agriculture Food Agency, Council of Agriculture, banana prices decreased from 57.33 TWD in March to 18.12 TWD per kilo in June, hitting a record 70% drop.

Based on the estimate of Council of Agriculture, dragon fruit, pineapple, banana and guava volumes will increase 20% to 40% due to extreme weather conditions this year, therefore their prices are expected to be more affordable in the future.

Source: China Times