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Premium bananas from Laos and Myanmar break record price of 6 yuan per kg

Some banana production areas in China have yet to resume business as usual. There is a shortage of labor and many roads are still closed. The consumer market, however, is gradually recovering and market demand for bananas is growing. Some traders see their reserves almost depleted and they are eager to restock. Trade in production areas is therefore warming up and delivery speed is improving.

At the moment, the Chinese port of Houqiao on the border with Myanmar is still giving problems. Visiting traders are shifting their attention to Yunnan, Laos, and Bhamo in Myanmar. Their increased attention is leading to higher prices in those production areas. However, as the price is rising, the enthusiasm of visiting traders grows smaller, and so the sudden price increase is slowing down.

The price fluctuations in Yunnan production areas are quite big. The overall trend is an upward trend, but where the price increase was sudden at first, it later slowed down as well. Yunnan is currently the main supplier of bananas to the Chinese market. The delivery volume is quite large. However, the banana supply volume from Yunnan is not nearly enough to satisfy Chinese market demand.

Source: ncw365.com


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