Namwa banana prices soar

The price of the famous namwa selection has skyrocketed as a result of the loss of fruit trees during the hot season, according to distributors, with more increases likely to occur in the next few months.

A bunch of namwa fruits, a favourite range, then retails at 50-60 baht, twice the rate earlier this year, according to Suchada Kongpunt, a 38-year-old fruit distributor.

Numerous fresh fruit trees were wiped out across the country by April’s scorching summer warmth and lack of rain. She said that the situation is getting worse as a result of a severe deficit hitting the business. &nbsp,

Middlemen’s efforts to purchase bananas from growers and the higher fuel costs associated with their transportation to markets contributed to the rate increase. &nbsp,

According to Ms. Suchada, fruit prices may increase even further over the next two months, probably reaching 100 baht per bunch.

Peeraphan Korthong, director-general of the Department of Agricultural Extension, acknowledged the limited availability of namwa fruits, particularly in urban areas. &nbsp,

Despite strong demand, the banana production does not keep up with demand because of the fruit’s lower income during growing and selling. &nbsp,

According to the office, the standard cost of producing bananas was 9.6 ringgit per number, while the total revenue was 2.64 baht per number last year.

Namwa fruit rates at Talaad Thai, one of the region’s largest wholesale markets, have risen constantly since June. The rate increase is attributed to the summer heat’s impact on grain produces. Additionally, the namwa fruits being sold are of lower value and are smaller.

Due to drought, vermin, and disease, the ministry said the prices are expected to either continue rising or decrease until the close of the year. &nbsp,

Mr. Peeraphan advised producers to determine the best time to grow crops to avoid extreme weather and price volatility.