Banana Chips Market Report 07.03.24

In the dynamic landscape of the Philippine banana chip industry, the cornerstone of its success rests upon the meticulous cultivation of Cardava bananas. This unique variety ensures an uninterrupted supply, unrestricted by the constraints of typical seasonal fluctuations. As a result, the Philippines emerges as a reliable figure in the realm of banana chip production, offering a steadfast source for this beloved snack.

However, despite the continuous harvest of Cardava bananas, the industry grapples with formidable seasonal challenges, primarily stemming from the variable nature of weather patterns and the intricate dance of agricultural practices:

Weather

• El Niño: This phenomenon triggers droughts, reducing crop yields and potentially impacting banana chip production.

• Typhoons and Excessive Rains: These natural events cause physical damage to crops, disrupt farm accessibility due to damaged infrastructure, and result in flooding and landslides. Recent flooding and landslides have led to a decrease in supply, particularly affecting availability from August to January.

• Agricultural practices

• Rice harvesting/Milling season (April/May and September/October): During these periods, farmers prioritise rice cultivation over banana harvesting, leading to historically low banana supply and, consequently, banana chip availability.

Despite these challenges, the Philippines stands firm as a formidable contender in the global banana chip market, thanks to its uninterrupted cultivation of Cardava bananas. Nonetheless, it's essential to acknowledge the potential impact of weather and agricultural practices on supply and pricing throughout the year.

via Four Seasons Fruits