Looking back on the Chinese market for imported bananas
The Chinese banana market has been weak since the outbreak of Covid-19. Many banana varieties are reasonably priced, but there is no market for them. While Southeast Asian bananas and South American bananas are not doing great, Cambodian bananas emerged as a new force in the Chinese banana market. The Chinese import volume of Cambodian bananas has suddenly expanded. Mr. Xia Zuxiang, board member of Shanghai Sofia International Trade Co., Ltd. recently looked back on the import banana market in 2020.
Volume of bananas from the Philippines has somewhat declined
The overall import volume of bananas from the Philippines somewhat declined this year. The import volume of Sofia International Trade declined by 10%-15%. The main reason for this development is that the large import volume puts pressure on the domestic banana market, so that the price of domestic bananas drops and this in turn drags the price of import bananas down. Som