date:Nov 12, 2018
The price of domestic bananas recently increased at a steady pace, and the price of imported bananas suddenly increased by 20%. What happened?
First reason: peak consumption
Consumption goes through the roof in overseas markets during the season of Thanksgiving, Black Friday, and Christmas. China does not lag behind when it comes to import in the season of Double Eleven [November 11th], Double Twelve [December 12th], and New Year. Importers hurriedly accumulate stock.
Second reason: oil price