Pak choi wholesale price drops 80%

China: Vegetable prices sink to new low

The vegetable market seems quite depressed this year. Celery and cabbage only cost around 0.2-0.3 yuan [0.03-0.04 USD], and the price of pak choi has fallen below 0.1 yuan [0.01 USD]. The market has been like this for quite some time.

Pak choi

The overall market conditions of vegetables are quite stable. This is mainly because temperatures dropped in most production areas throughout China last week. However, the influence of the weather is limited in comparison with the increased supply of winter vegetables from south China, so that the average price still shows a slight increase.

Pak choi

This is the time when pak choi enters the market. The price is quite low at only 0.1 yuan [0.01 USD] per 0.5 kg. Many farmers are unable to make a profit on pak choi under these conditions. The cost of irrigation and fertilization is higher than the purchase price of pak choi, and farmers are unable to recover their investment.

Pak choi

The depressed condition of the pak choi price occurs throughout China. The price of pak choi reached its highest position in five years between August and October, because the summer heat and frequent rainfall reduced the production volume. Furthermore, the pak choi production season was delayed in north China. The production volume only recently recovered, and when the harvest entered the market in bulk, the price immediately dropped. Now the price reached its lowest position in the last five years. The purchase price in production areas only reached 0.08 yuan [0.01 USD] per 0.5 kg.

Source: 52jufu.com


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