Conditions in the Chinese banana market improved last week (August 23-29). Production areas in Guangxi took the lead in this development. The banana price showed a slight increase. Guangxi is now experiencing a small peak in the banana supply. The production areas in Guangxi are taking over from Hainan and Guangdong as the driving force of the Chinese banana market. The supply volume will only continue to grow in the next two months, but the overall quality of Guangxi bananas is quite good this year and there are limits to the overall supply volume from Guangxi. That is why experts estimate that the price will remain strong.
Other production areas in Guangdong, Yunnan, Laos, and Myanmar are also supplying small volumes to the Chinese banana market, but Guangxi is by far the largest supplier. Market conditions in the other production areas are affected by fluctuations in Guangxi. The approach of Mid-Autumn Festival [October 1, 2020] also provides a stimulus for the Chinese banana market.