Banana prices in production areas moderate

Recent banana prices in production areas have been stable with slight declines. Prices in Yunnan and Guangdong are relatively stable, but dropped somewhat in production areas such as Guangxi and Laos, although not significantly. Temperatures are still quite high in production areas and markets, which has a certain impact on sales. It is reported that the coming Tropical Storm Hagibis is expected to bring down the temperature throughout China in the near future. When that happens, sales are likely to speed up, easing the shipment situation in production areas.

Prices in Yunnan are relatively stable with no significant fluctuations. At the moment, shipped volumes from various regions of Yunnan are small, and most of the shipment is scattered. Some growing centers have sufficient supply, and prices are moderate. Prices in Laos have slightly dropped but not significantly, which was caused by limited sales. At present, prices of good supplies are more than 3 yuan/kg, while those of mid-grade products are around 3 yuan.

Source: nfncb.cn


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