China set new records for the overall surface area devoted to apple plantations and overall apple production volume last year. The overall supply exceeded demand and the price was low. What are the predictions for domestic apple production volumes and prices? The current prices seem to grow further and further apart.
The apple production areas in Shaanxi, Gansu, and Shanxi suffered from cold weather in the first half of this year. The production volume decreased by an estimated 40%, but judging from the price of early-season apples, the apple price greatly increased this year. It may even reach historical record heights. The current price of early-season apples continues to increase. The price soared during the Mid-Autumn Festival. The supply was limited and buyers were hesitant to purchase at high prices, creating a standoff between traders and farmers.
Prices: stable increase, severe polarization
The prices of domestic apples has steadily decreased in recent years. The price of apples this year is already higher than it has been for many years, and the price of high-quality apples is still shooting up.
The price of high-quality produce continues to increase because consumers pay more and more attention to nutrition and health; the price of low-quality apples, however, continues to fall, and a polarization in the domestic apple market is becoming more obvious.
Source: Fruit Service Center