Last week, prices in various banana production areas fluctuated - slightly increased (partially stable) and then slightly decreased. Fluctuations were not significant but were sensitive to time and place. In the first half of this period, market conditions in production areas picked up. Some major production areas reported that more traders had started to inquire about the products after the holidays, and the average pricing level in production areas was moderate, which was acceptable for production areas and the market.
However, products have been difficult to sell recently. The ripe bananas that traders brought back to the market didn’t sell very well, so there were fewer orders made in the second half of the period, and banana prices fell slightly.
It is reported that the sales speed is closely linked to the temperature. Temperatures in production areas and markets are still high, which has a certain impact on sales. However, Typhoon Hagibis that landed in Japan yesterday afternoon is expected to bring temperatures down in northern and southern (in a later period) China. This is likely to speed up sales and ease the shipment situation in production areas.