China: Apple and banana prices rise surprisingly
Recently, the prices of traditional fruits, such as bananas and apples, have risen, while the prices…Recently, the prices of traditional fruits, such as bananas and apples, have risen, while the prices of seasonal fruits have dropped. Research by the Donghu Business Department has shown that, whether it is imported or domestically produced fruits, they all fight for the market by reducing their prices. That is why the fruit prices are going down day by day.
The prices of traditional fruits, such as bananas and apples, are rising, because the supply and demand are not balanced. This is not the season for apples, so all the apples that are sold on the market come from storage. The supply does not meet the demand, so the price rises. In the past few years, the banana price has dropped, because the supply exceeded demand. This caused many Hainan farmers to reduce their banana production. Right now, the supply cannot meet the demand, so the price is rising again.