KUALA LUMPUR, May 23 (Bernama) -- China's banana planting area and production output will fall year over year, according to a report on development of the domestic banana industry.
China Economic Information Service (CEIS) of Xinhua News Agency released the report jointly with the the Chengmai County of Hainan Province, a statement said.
Head of Hainan Research Institute of Tropical Agriculture and Rural Economy, Ke Youpeng said in 2018, the national banana market supplies will be reduced, with the market price expected to be higher than the previous three years.
Youpeng added that the area of special banana plantation shall be gradually increased. The brand awareness in the banana industry should be strengthened.
According to the report, although China is a big producer of banana, it is not a banana trade power. The international competitiveness of China's banana industry is relatively weak and there is room for improvement.
In 2016, the international market share (MS), the trade competitiveness index (TC) and the revealed comparative advantage of China\'s bananas ranked 43rd, 73rd, and 77th, respectively, in the world.
-- BERNAMA
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