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Dropping banana purchase prices in China brought active inquiries

Last week (April 19-25), prices at banana production areas decreased in varying degrees. The main reason is that prices were significantly driven up last week by traders stocking for the Labor Day holiday, but as it is difficult to raise prices in the yellow banana market in a short time, traders are more cautious this week (April 26-May 2). There still have been quite a lot of inquiries but the number of transactions has decreased. However, with production areas in southwestern China approaching the end of the season, supply is reducing and good supply is relatively scarce, so the price of good-quality bananas is still high.

After dropping continuously for a few days, prices in various production areas are generally not high. Supplies that meet the price expectations of traders have had better sales performance. Prices of good-quality products in some production areas are still good, thanks to the fact that on the one hand, there are fewer good supplies; on the other hand, the market still has a big demand for good quality bananas. Therefore, after the production areas in Southwest China approaches the end of the season, the price gap in the production areas may gradually widen to reflect product quality.

Source: NCWXJT


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