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"Chinese import volume of bananas from the Philippines declined by nearly 30%" freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.
"Chinese import volume of South American bananas declined by 60% this year" freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.
Chinese imports of Southeast Asian bananas will decline in May The Chinese banana market began to recover in early February after nearly one year of depression. The supply volume still exceeds demand, but the price is stable. Mr. Xia Zuxiang, chairman of the board at Shanghai Sofia International Trade Co., Ltd. recently talked about current conditions in the Chinese banana market. According to manager Xia: The bananas from Hainan entered the Chinese market one month later than in previous years because the temperatures were relatively low. There is still a small volume of Hainan bananas left on the market, but frost damage has affected their appearance and the purchase price in production areas is only around 0.7 yuan [0.11 USD] per 0.5 kg. ....
Chinese market supply of bananas exceeds demand, but there are not enough top-quality bananas Last year many imported bananas were reasonably priced but found no market. After a long period of chaos, the Chinese banana market finally began to stabilize in February. The current market supply volume is stable and the price is rising. Mr. Xia Zuxiang, board member of Shanghai Sofia International Trade Co., Ltd. recently talked about the current conditions in the Chinese market for imported bananas. The domestic banana production recently slowed down because temperatures dropped. The supply from Hainan is a month later than last year and will perhaps enter the market as late as April or May. The import market is dominated by bananas from the Philippines, Vietnam, Myanmar, Laos, and Cambodia. The supply volumes from the Philippines, Vietnam, and Cambodia are particularly huge. ....