The price of pomelos showed a downward trend last week. The main reason for this development is excessive supply from production areas while demand decreased. Last week's pomelo supply to the market mainly came from Fujian with a secondary supply from Hubei. The flavor of Fujian pomelo is great as is the product quality. The price is therefore relatively high. The current price of white pomelo is 1 yuan [0.14 USD] per kg, while the price of red pomelo is around 1.6-1.8 yuan [0.23-0.26 USD] per kg. The product quality of Hubei pomelo is not as good and the price is therefore lower. The current price of white pomelo is 0.8 yuan [0.12 USD] per kg, while the price of red pomelo is around 1.34-1.5 yuan [0.19-0.22 USD] per kg.
Pomelo are already a common sight in the market, but recently the supply volume has been excessive and the market has been unable to absorb this volume. Traders have no option but to lower their prices. Traders point to the increase in production volume and the decrease in demand as the main reason for the price decrease, but there is also a decrease in product quality in comparison with last year, which harmed the position of pomelos in the market.
Source: Wanbang International Market