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China: Apple prices increase over holidays

Apples are one of the most popular fruits in autumn and winter but the price of many apple varieties has recently increased, sometimes by as much as 5 yuan [0.73 USD] per 0.5 kg. What is the reason for this development? Did the price of apples in production areas also increase? How long will this price increase last?

Apples

Data shows that the average apple price for the major varieties began to increase on August 21st. The price reached a peak on September 8th and then began to fall again, but still showed upward fluctuations. Zhuochuang analysis shows that apple prices have been relatively high since 2014. There have been several reasons for this development:

First, apple harvests have been small in recent years. Second, consumers show increasing interest in apples, which have become a more diverse product. Furthermore, consumer power continues to increase. Third, the industry has standardized and labor costs have increased. This in turn has caused increased prices.

Source: cnr.cn


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