Apples suffered badly from a cold snap earlier this year. It is estimated that the previously abundant supply will be significantly reduced. The apple price is mainly responds to demand and supply information but the terrible weather has affected different apple production areas in various degrees. The anticipated decrease in production volume has already turned the market upside down.
The cold air current harmed apple trees when they were in blossom. This significantly reduced the production volume and product quality of apples from major production areas (Shaanxi, Gansu, Shanxi, Ningxia, Henan). The proportion of top-quality apples is expected to be smaller this year as is the entire production volume. Supply may become problematic. Data from Zhuochuang Information shows that the decrease of domestic apple production is estimated at 26.02%, while pingguo7.com goes as far as 42.6%.
Source: hexun.com