China: Strawberry price 4-5 yuan higher than last year

Strawberries have been on the market for about a week now and the price continues to rise. When the strawberries first entered the market their average price was 25 yuan [3.60 USD] per 0.5 kg, which quickly rose to 28 yuan [4.03 USD] per 0.5 kg. The main reason for this development is as follows: The supply volume is small and demand is strong. When strawberries just entered the market, the price was unstable. The price was relatively high at first, but the sales volume was limited, and when demand exceeded supply, the price increased further.

The price is also high in comparison with the same period last year. Traders state that the price of strawberries increased by 4-5 yuan [0.58-0.72 USD] per 0.5 kg in comparison with last year. The main reason for this situation is that farmers planted strawberry plants early this year, in June and July. The hot summer weather killed off some of the seedlings, which caused the overall production volume to decrease and the price to subsequently increase.

Source: Wanbang International Market

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