The banana price in Chinese banana plantations remained within regular margins last week (June 21-27), but frequently fluctuated. There are only a few visiting traders in the production areas and the volume of orders is small. The traditional Dragon Boat Festival (June 25, 2020) did not stimulate banana sales much. Consumer power is still quite weak. As the temperatures rise in production areas, the bananas ripen quicker, and the production volume grows. That keeps the price down. However, conditions in some production areas are improving. That is also good news for banana farmers.
Domestic bananas compete with other seasonal fruits as well as import bananas. The profit margin is quite small. However, weak consumer power is the main reason for the current condition of the Chinese banana market.