Chinese banana market chaotic

Recently, banana prices in production areas have been stable at a low level. After the Qingming Festival, traders are actively making purchases to replenish stock, sales are fast and market fluctuations are small.

There was a lot of rain in the production areas during the Chingming Festival, and the temperature has been high after the holiday. As a result, bananas ripened quickly and there is a big difference in quality. Growers are eager to sell, resulting in a chaotic market where prices vary significantly and traders offer prices based on quality. Most of the traders purchase good-quality products. The price of good-quality products is firm while that of the inferior goods is weak.

Industry insiders say that this year, as products from a few production areas flood onto the market, shipments are "congested", and there is a higher volume of cold-damaged bananas, which impacts the entire market. The price is low, and some growers have been selling at a loss.

The banana market in Myanmar is roughly the same as that in Laos, with a big difference in the price of good and inferior products. Traders there compete for supplies in the production areas, shipments are fast, and the market is stable. The price of good-quality products is firm and traders queue up to place orders. In contrast, sales of inferior goods are average. At present, the price of mainstream good-quality products is around 4.0 yuan/kg, and the available volume is decreasing with the production areas entering the end of the season.

Source: Nongcai


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