August 1, 2021

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Banana prices fell sharply

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Difficult to export while weak domestic purchasing power caused banana prices to plummet to 1,500-7,000 VND per kg at the garden.

Growing half a hectare of bananas, Mr. Tuan in Kon Tum said, for the past 2 weeks, very few traders have gone to buy them while his banana garden has come to harvest. Instead of selling bulk buckets for export as before, he now sells only a few rooms sporadically every day to domestic traders.

“Yesterday, I sold 2 quintals (7 chambers) in advance, for 1,500 dong per kg. This year, the whole garden will only get 2-3 million dong while last year it was up to 15 million dong,” he said. , if not sold also to rot and considered lost.

Not only in Kon Tum, but also in Dong Nai, the capital of exporting bananas, prices are also falling sharply.

Bananas at a garden house in Kon Tum. Image: Le Minh.

Mr. Tu, a banana grower here, said that this year the epidemic broke out so traders bought bananas for export to slow down. Therefore, with beautiful orchards, the price is only 5,000-7,000 VND per kg, down 50% compared to last year.

Acknowledging that the price of bananas is fluctuating erratically, Mr. Hoa, a trader in this area, said that the price of bananas sold in the country fell sharply, with some gardens he only bought 3,000-5,000 VND per kg. Particularly for old bananas exported to China and Japan, the price is 6,000-7,000 VND per kg, down 30-50% compared to last year.

The price fell sharply, according to Mr. Hoa, due to the complicated epidemic that made the domestic market difficult in circulation and transportation. And the export market also reduced buying. Especially the Chinese market (where large consumption) has recently increased the area of ​​banana cultivation, so their purchasing volume is decreasing.

Exchange with VnExpressMr. Ly Minh Hung, Director of Thanh Binh Cooperative (Trang Bom, Dong Nai) also admitted that this year banana exports were slow, so the price went down quite sharply. In addition to the cause of the epidemic, the export markets are now reducing purchases. Meanwhile, banana growing area is increasing, making the supply abundant.

According to the Import and Export Department (Ministry of Industry and Trade), the price of Chinese bananas imported in April was $540.21 a ton, down from the same period last year. In addition to the cause of the disease, some production areas do not ensure the storage temperature, bananas ripen quickly and are easily damaged, causing quality loss, so the price decreases.

Moreover, China is also in the banana season, so there is an oversupply. Meanwhile, tropical fruits are in high season, cheap prices make bananas strong competition.

Dong Nai has 10,400 hectares, the output in the first 5 months of the year reached 55,512 tons, including: old South American banana, Su banana, Cau banana and some other banana varieties.

Bananas in Dong Nai are harvested all year round, accounting for about 80-90% of output, export accounts for 80-85%, of which exports to China account for 95%.

Hong Chau

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