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Chinese banana price is less than ideal

Chinese banana supply is limited

There were no significant fluctuations in Chinese banana production areas last week (May 31-June 6), but there were minor fluctuations in some production areas. The price is quite weak at the moment. There are several reasons for this situation. First, the temperature in production areas is high. Second, the consumer market has not yet completely recovered from the outbreak of Covid-19. Furthermore, cheap import bananas enter the market in large volumes and the same is true for seasonal fruits. The banana supply speed is therefore quite slow at the moment and the price is low.

The main supply of domestic bananas comes from production areas in Hainan and Guangdong. The supply from Guangxi is dwindling and some of the production areas in Yunnan have already finished their harvest season. Production areas in Laos and Myanmar also supply small volumes of bananas. The overall supply of bananas is quite small.

Source: ncw365.com


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