Thailand's Wholesale Banana Prices Surge by 41.92% YoY in Nov-23 Amid Strong Japanese Demand

Fresh Banana

Japan

Thailand

Market & Price Trends

Pauline Fay Enriquez

Published Dec 7, 2023

Thailand's wholesale price of fresh bananas has risen by 41.92% YoY to USD 0.94/kg in Nov-23, with a 2.17% MoM increase. The highest recorded price in 2023 was USD 1.02/kg in August. The increase is attributed to the Japanese market's demand for 8 thousand tons, providing a new crop for local farmers. Thai farmers are actively harvesting bananas to meet the rising demand.

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