"The price of Shatang tangerines from Guangxi started high when the tangerines entered the market in the retail season of 2018/2019, but quickly began to fall. The high price of 3.5 yuan [0.52 USD] and more per 0.5 kg did not last even a month. After a bit more than half a month the price had already dropped to 0.8 yuan [0.12 USD] per 0.5 kg." This is based on data from citrus industry analyst Zhuo Qian. The opening price of 3.5-4 yuan [0.52-0.60 USD] per 0.5 kg was 0.5-0.8 yuan [0.07-0.12 USD] per 0.5 kg lower than last year. The peak price when Shatang tangerines entered the market in large volumes reached 2.8-3.2 yuan [0.42-0.48 USD] per 0.5 kg, with the bottom price around 1.8-2.2 yuan [0.27-0.33 USD] per 0.5 kg. These prices lasted for around 1 month.
Zhuo Qian predicts, based on the price development described above, that the price of Shatang tangerines from most production areas in Guangxi will be around 3.5 yuan [0.52 USD] per 0.5 kg when they enter the market in the retail season of 2019/2020. When the Shatang tangerines enter the market in large volumes, the peak price will be around 2.5 yuan [0.37 USD] per 0.5 kg and the bottom price around 1.8 yuan [0.27 USD] per 0.5 kg. These prices will last for around 1 month.
Source: ncw365.com