Two years ago, the plantation areas of Hainan bananas decreased significantly due to diseases. The overall growing area dropped to 20,000 hectares.
This year, a cold wave hit the Guangdong and Guangxi provinces, which severely impacted the banana production volume in these two regions. Therefore, it is expected that the banana price this year will be at least 2 times more expensive than that of last year. Wholesale prices can increase over 7 Yuan/kilo, which is rarely seen in recent history.
The Hainan banana plantation industry is frequently hit by typhoons. This, in combination with an outbreak of fusarium a couple of years, are big threats to the local industry.
