Is Banana Farming Profitable? Latest Market Prospect Analysis

The fruit banana is surely familiar to everyone. We all know that banana is actually a tropical fruit, suited to growing in environments that stay relatively warm all year round. It is mainly grown in China's Guangdong, Guangxi, Fujian, Taiwan, China, Hainan and other places. So with bananas planted over a wide area and yields high, is growing bananas still profitable? This is a question many people care about, so let's take a look together below.

1. Was growing bananas profitable in 2018?

Banana is a fruit much loved by everyone, but at present growing bananas also carries certain risks. Generally, when banana market prices are relatively high, you can still make money, but if you run into natural disasters, or lack a specific sales channel and your growing techniques are not up to standard, and market prices fall, then growing bananas will lose you a lot. So at present, growing bananas can be said to carry a fifty percent chance of profit and a fifty percent chance of loss; the key still depends on which way the market goes.

2. How much is a jin of bananas?

At present the market price of bananas is not very ideal either. Because bananas can now be said to be a very common fruit, and banana yields each year are also relatively high; although demand is increasing, there are more and more fruits that can replace bananas, so bananas generally sell on volume. Usually it is two to three and a half yuan per jin, while in some places it is only one and a half to one and seven yuan per jin; at present the market price of bananas does not exceed four yuan per jin, which is very cheap.

3. Costs and profits

At present, the cost of growing bananas is also much lower than before. Generally the cost of banana seedlings for one mu of banana land is about eight hundred yuan, and adding the costs of water, fertilizer, pesticides, management and so on, it comes to about three thousand yuan a year. That is to say, the total cost of growing one mu of bananas now is about three thousand eight hundred to four thousand yuan. The yield of one mu of bananas is about five thousand jin; if we calculate at a market price of two and a half yuan per jin, one mu can earn about twelve thousand five hundred yuan, and after deducting costs, the net profit per mu is eight or nine thousand yuan. From this it seems that the profit margin in growing bananas is still fairly large.

4. Growing prospects

Banana growing does have certain prospects, but before planting we need to be prepared to bear risks. The cost of growing bananas is not high, and even when market prices are not very good, the economic profit obtained is still relatively large; this basically depends on banana yields and market demand. Of course, there are also losses in growing bananas, and not everyone makes money, so we should learn from successful people, but we cannot blindly imitate others' success.

The above is everything the editor has analyzed for you about whether growing bananas is profitable at this time, and I hope it can help everyone. If you want to learn more of the latest market news and information, you can follow us.