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China: Imported banana prices continue to rise, port transportation costs remain high

Recently, the prices of domestic banana-producing areas and imported bananas have increased month-on-month, the wholesale prices of bananas have fallen month-on-month, and the prices of Musa AA banana in production areas have remained flat month-on-month.

Some analysts pointed out that due to the impact of the epidemic, banana planting areas in Laos and Myanmar have strengthened controls, and the main ports for importing bananas from Laos and Myanmar on the Yunnan border have been closed. This was superimposed the overall reduction in domestic production areas and the positive attitude from customers in the production areas. The market in the domestic banana production areas continues to grow; in the wholesale market, the sales of fruits are still relatively stable, and the price of bananas fluctuated slightly.

In terms of imported bananas, the port transportation costs remain high. Coupled with the domestic banana market, the two major port wholesalers in Shanghai Port and Dalian Port have higher  expectations, and their quotations have risen. For the Musa AA banana, the current market demand and the supply at origin are relatively stable, the market for these banana production areas is generally stable.

Source: gmw.cn


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