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China: Effects of imported cherries on local prices

Currently, the prices for imported fruit, such as cherries, are dropping, and sales are high. This affects the local fruit production. It used to be the case that Chilean cherries could fetch 300 yuan per 500 gram on the Dalian market. In the last two years, however, their prices have dropped to 40 to 50 yuan, and sometimes even lower. An industry expert from Dalian explains that the imported cherry supply will last until the end of February. However, as the sales period is coming to an end, it is hard to keep the cherries fresh and of high quality.

In the middle of February, small quantities of local greenhouse cherries will enter the market. Their price will be around 120 yuan per 500 gram. At that time, the quality of imported cherries will be alright, but their price will be much lower than that of local cherries. This will affect the first local cherries on the market.

In previous years, the supply of imported cherries was only limited after the beginning of February. Therefore, this did not affect the local cherries as much. However, after the implementation of the free trade zone, as imported cherries enter the market, it might harm the local ones now.

Source: Tfresh iFresh
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