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Purchase price already below cost price

China: Watermelon price continues to fall

The weather has turned hot and this is the best season to eat melons, however prices are currently significantly below those achieved in previous years. In the last four or five days, the price of watermelons has collapsed. The retail price dropped to 1 yuan [0.16 USD] per kg. Melon farmers have stated that the purchase price on the farm is less than a couple dimes. People in the industry think that various reasons have contributed to the price decrease.

The price of greenhouse watermelons was twice as high last year as it was this year. Farmers made a great profit and expanded watermelon plantations. The main reason for the low price this year is because supply has increased, so the price has dropped.

Source: dzwww.com
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