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China: Banana prices rebounded after skyrocketing, and the current market is generally better

In the early stages, prices in major banana-producing areas soared, then gradually stabilized, and recently declined slightly. The main reason is that the cold wave is coming. Dealers were rushing to place the order in the earlier stage. There were not many supply sources on the market. As long as the bananas were available, then they were ordered immediately which led to the price to rise naturally, due to the imbalance of supply and demand; but in the later period, the price rose too fast and the market was more difficult to recover.

In addition, dealers had basically finished stockpiling, and there were problems with transportation. A slight drop in prices was also normal, and shipments were also slightly affected. However, during this period, some banana growers have always maintained stable shipments, which has a lot to do with the price increase and stable quality.

In terms of specific production areas, Guangxi and Yunnan have seen larger increases, and later callbacks have also been larger; Guangdong has always maintained a small range of fluctuations, and the overall situation is relatively stable. But at present, the market in each production area is fairly stable, and prices are also maintaining good.

From the perspective of the Guangxi producing area with the largest amount of planting, the banana market is generally good. In the early stage, the market for bananas in Guangxi rose sharply, with a daily increase of 0.4 RMB/kg, and high-quality bananas to about 6.5 RMB/kg. Dealers rushed to place orders in time, and the supply was in short supply. The price declined slightly in the later period, and the order quantity decreased slightly, but the overall price was not bad. At present, the first-batch products in the production area are around 5.8 RMB/kg, the good products are 4-5 RMB/kg, and the middle-class goods are 3.2-4 RMB/kg. The overall average price is rising domestically.

Source: ncwxjt

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