Market Report for Banana Chips from the Philippines
The supply of green bananas in the Philippines is improving slightly, but it is not yet at normal levels. This is due to previous rains in some parts of the country, which have damaged banana crops. As a result, export prices for banana chips are expected to soften slightly in August.
The demand for banana chips in China is traditionally weak in July, as consumers are focused on preparing for the next Lunar New Year holiday. However, demand is expected to rebound in August, as consumers begin to stock up on snacks for the holiday season.
As a result of the softening supply and demand conditions, export prices for banana chips from the Philippines are expected to soften slightly in August. The current price for banana chips in CF Felixstowe is 0.97 USD/lb.
The outlook for the banana chip market in the Philippines is positive. The country is a major producer of bananas, and the demand for banana chips is growing in both domestic and international markets. As the supply of green bananas improves and demand continues to grow, export prices for banana chips are expected to rebound in the coming months.