China: Imported fruit "loses status", cherries are first to suffer

Wholesale fruit traders state that the market price of fruit dropped more severely this year than it did in recent years. More recently the price has fallen to an absolute "freezing point". However, the market also shows a polarization between expensive fruit varieties where supply can not meet demand, and cheap fruit varieties that are ignored by clients.

Chilean cherries are an excellent example to illustrate the recent price fluctuations. The falling price was not accompanied by a growing sales volume.

Similarly, imported oranges enjoyed equally pessimistic prospects. Not long ago imported oranges sold for 380 yuan [55.21 USD] per box of 16.5 kg. More recently, however, the price dropped to 220 yuan [31.96 USD].

The avocado market has been depressed for quite some time as China has increased the number of countries allowed to export avocados to the Chinese market. The price keeps falling. Even the price of top-quality, standard-size avocados does not exceed 3 yuan [0.44 USD] per piece.

Source: Fruit Observer

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