The price of bananas significantly increased in production areas in Guangxi, Guangdong, Hainan, Yunnan, and Laos. The prices in Guangxi, Guangdong and Laos showed the most significant growth. The supply volume from Guangxi continuously expands and the product quality continues to improve. Visiting traders are eager to purchase the bananas in Guangxi and in some cases they fight each other over access to banana supply. The price naturally increased.
This price fluctuation began last Thursday, but has already returned to regular levels. However, farmers are confident and have great expectations from the banana market. On the one hand, the recent typhoon lowered the temperature in consumer areas. This stimulated the speed of banana supply. The number of orders increased. On the other hand, the Mid-Autumn Festival [13 September, 2019] is drawing near. Visiting traders will soon begin to prepare for the festive period. In other words, there is still room for the price of bananas to rise even further.
Source: ncw365.com