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China: The quotation of imported bananas shows an overall upward trend

Recently, China’s domestic banana price index at production areas fell month-on-month, while the wholesale price index of banana sales, the price index of imported bananas, and the price index of Musa AA banana production areas, continued to rise month-on-month.

Index analysts pointed out that, affected by the epidemic, the border ports (passages) in Yunnan have not yet been cleared, and imported bananas from Myanmar and Laos are still not allowed to enter the border. In terms of domestic production areas, the price of bananas in production areas has recently reached a high level during the year. In this period, customers in the production areas were more cautious in placing orders, and the quality of bananas in some production areas was damaged by the cold, so the price of bananas in the production areas fell month-on-month. In the wholesale market, the current high-priced banana inventory in the market has not yet been consumed, and the price of bananas at the wholesale end of the market has continued to rise, and the rate of increase has narrowed from the previous month.

As for imported bananas, due to the impact of the domestic banana market and the increase in market demand, wholesalers through ports have higher expectations, and the quotations have risen overall; for Musa AA bananas, the supply of production areas has decreased, and the market has risen steadily.

Source: Xinhuanet.com


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