High transport cost puts pressure on banana price in production areas

Large banana supply from Myanmar to China

The banana price in Myanmar production areas has been stable in the last few weeks. There has been a slight decrease in some areas. People in the industry point out that the supply volume from Myanmar banana production areas recently exceeded 200 trucks per day. Bananas also compete with other products for the use of trucks, which means that the overall transport cost is rising. In some areas the cost of a truck exceeds 3,000 yuan [446 USD]. It is worth noting that the higher transport cost puts pressure on the banana price in production areas. The margin for banana prices to rise is limited.

Source: ncw365.com

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