Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Philippine banana players urged to invest in export to China

foodmate 2019-01-07
Share       

Filipino banana growers are urged to invest more in the Chinese market this year, as the Asian giant is showing a growing demand for the Philippine cavendish banana. Henry Chan, business representative of the Joy Wing Mau Group, a Chinese agricultural company, said China’s growing population of over 1.4 billion people in 2018 is a good market to invest in by the countrys banana industry players.

China consumed 14.82 million tons of banana in 2017, making China among the top banana consuming countries in world. China also imported 952 million tons of banana from January to August 2018. By the end of 2018 a total of around 1.2 million tons of banana were imported by China from the Philippines.

Chan also said 2019 is the best time to invest for the Philippine banana industry because of the lower banana price per kilogram (kg) in China. Last year, banana was recorded at $0.56 per kg which is lower compared in 2017 at $0.66 per kg.

Meanwhile, Philippine Banana Growers Export Association (PBGEA) Stephen Antig said in a statement that investing into the Chinese market is also a good way in improving the banana industry in Mindanao.
 

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Fermented fruit & veggie powder

Fermented fruit & veggie powder

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121