The worth of kluay hom thong banana or “golden bananas” in Thailand has doubled to 30 baht (US$0.89) amid rising demand.
Somchai Nunual, chief of the golden banana and fruit security group in Bang Kaew district in Thailand’s Phatthalung province, mentioned the value hike was because of the rising recognition of the fruit, whereas the dearth of rain because the second half of final yr has curtailed the availability of bananas to the market.
Bang Kaew district has been the middle of the bananas within the province since farmers found the soil within the district is extra suited to rising bananas than rubber, rice or oil palm.
Thailand’s Ministry of Agriculture and Cooperatives predicted that the kluay hom thong banana harvest this yr will quantity to simply 32,000 tons, a large drop from final yr’s 120,000 tons.
Farmers made a median of 278 baht per 100 bananas final yr, up from 243 baht in 2022, based on the ministry. It forecast that banana farmers will pocket 292 baht per 100 fruits this yr.
The kluay hom thong banana is one in all Thailand’s foremost fruit exports, with 80% going to Japan and the remainder largely to China and Cambodia.
Japan permits Thailand a quota of 8,000 tons of the fruit yearly, however the precise export quantity is just half that as a result of farmers can not produce sufficient of the fruit that meets Japanese requirements, based on the Inner Commerce Division.
