North America Edition
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The Chinese banana prices fluctuated last week (6-12 September). The prices first went up and then dropped. The fluctuations were within regular margins. Production areas in Guangxi are currently leading the banana industry in China. Their supply volume is gradually growing. In the first half of last week, banana prices in the Guangxi production areas exceeded 4 yuan [0.59 USD] per 0.5 kg. However, the price declined in the second half of the week and stabilized around 3.5-4 yuan [0.51-0.59 USD] per 0.5 kg.
Mid-Autumn Festival and National Day both take place on October 1. According to industry specialists, the 10 days prior to this festive day will see a steady price increase. The production areas in Hainan are already cleaned out. And the supply volumes from Guangdong, Yunnan, and Laos are not that large yet. The price is dictated by conditions in Guangxi.
Source: ncw365.com
