Chinese banana prices begin to stabilise
Prices of China’s bananas have finally begun to stabilise after consumption had slumped following the Mid-Autumn Festival and National Day, both of which were celebrated on October 1. Another contributory factor to the price collapse has been the poor fruit quality in some production areas. While regular operations are now being slowly resumed, there are still challenges to be overcome during this banana season. Temperature drops in some production areas has led to the fruit ripening at a slower pace and prices remain at a relatively low level. Nevertheless, there is still a vibrant market for top-quality bananas, with traders competing to purchase the best products.