China: Increasing demand drives banana prices up slightly

The price of bananas from various producing areas is at a good level. Bananas produced in areas such as Hainan, Guangdong, and Guangxi continues to show a slight increase, which is a promising trend even though the increase is not considerable. Due to frequent rains, the temperature has cooled down significantly, which has somewhat boosted the consumption, and the shipment in the production areas is going more smoothly.

Bananas from Hainan have risen slightly in price and the volume of orders from the market is large, while the supply at origin is getting less. The current shipment is going smoothly. The price of good quality bananas can fetch between 3.0 to 3.8 yuan/kg, and some with excellent quality can fetch up to 4 yuan/kg.

Source: Nongcai Net Banana Expert

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