The overall price of pineapples showed a downward trend last week. The main reasons for this development are as follows: first, production areas enjoyed an abundant harvest. Traders say that the product quality of Hainan pineapples is good and the harvest is abundant, so that market supply is more than sufficient. In addition, other pineapple varieties are relatively cheap at 1.8-2.4 yuan [0.27-0.36 USD] per kg, which increases competition in the pineapple market.
Second, temperatures are rising, which limits the transport of pineapples and the amount of time pineapples can spend in storage. This in turn affects product quality and price. Third, there are too many production areas, which means that the supply volume increases. Pineapples from Hainan, taiwan, and the Philippines entered the market last week. This sudden increase in market supply created a situation where supply exceeds demand, which in turn caused the price of pineapples to fall.
Source: Henan Wanbang Market