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China: Banana market downturn, prices of Laos banana continue to slump

Recently, the overall performance of the banana market in each producing area has been average, and the banana price index has continued to fall. In terms of shipment, although there are some fluctuations in each production area, the overall shipment volume can still be maintained; the price is mainly stable, but during the period with a slight decline, the overall average price has fallen.

As far as the domestic banana market is concerned, at present, Guangxi is the main production area in China, and the price is slightly higher than in other production areas. When it comes to the prices in foreign production areas, the prices in Laotian production areas are slightly higher than in Guangxi alone, but from a cost perspective, the overall market is actually not as good as in Guangxi.

In terms of imported bananas, the overall upward trend in Laos production areas is generally moderate. Affected by the domestic market, the price of bananas in Laos continues to be sluggish. The price rose slightly in the early period but fell back to the previous level in the later period. At present, the price of good-quality products in the production area is only around 2.4-2.6 RMB/kg, and the price of a few high-quality goods is slightly higher, but all are within 3 RMB /kg; the middle and above are around 2 RMB /kg, and the shipment volume is relatively stable.

Source: www.ncw365.com/


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