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Chinese banana price begins to stabilize after brief period of fluctuation

The Chinese banana price experienced a brief period of fluctuation last week (August 9-15), but now the price is starting to stabilize. Supplies from Guangxi and Guangdong production areas are abundant, so most of the fluctuations took place in these areas.

The price initially began to rise, but market demand did not keep up. Still, the supply volume of top-quality bananas is limited and the price therefore remains relatively high. Traders were hesitant when the price began to rise, and so they waited to see how the market developed. The price then slightly dropped and trade resumed.

The Chinese banana price now shows signs of stabilizing, and the supply volume seems steady as well. People in the industry say that the price fluctuations will remain within acceptable limits this week. The main influence on price fluctuations is still consumer demand.

Source: ncw365.com


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