Only a small number of banana plantations in Guangxi were still in business after June. Much to the surprise and pleasure of banana farmers the purchasing price suddenly increased. After three bleak and quiet years the banana industry finally seems to be reviving. The surface area devoted to banana plantations and the overall production volume were both greatly reduced. The two main reasons for this situation are as follows: financial loss and plant disease!
People in the banana industry before 2015 were optimistic. The price increased and prospects were good. Large enterprises made significant investments and the surface area devoted to banana plantation greatly expanded. However, market conditions deteriorated in 2016 as the supply volume greatly increased.
Large investors and speculators rearranged the banana industry and many banana farmers gave up, even cut down their banana trees. This is one of the main reasons for the reduced surface area devoted to banana plantation. Another reason is that farmers who blindly followed trends and expanded their plantations paid no attention to the soil conditions. As a result, plant disease quickly spread through many banana plantations.
Source: ncw365.com