China: July banana prices higher year on year

Recently, banana prices in production areas such as Hainan, Guangdong, and Guangxi have become unstable, and prices in some regions have dropped. Apart from Laos, the price of bananas in various producing areas has fallen below 4.0 yuan/kg.

It is worth noting that although the average wholesale price of bananas has fallen slightly, the overall trade volume has increased. Compared with the same period of last year, there has been a significant improvement in the current consumption of bananas. In general, the total acreage of bananas in China is declining, and the price of bananas this year is better than in the same period of last year. The industry is generally still confident about its future.

Source: Nongcai Net - Banana Expert

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