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China: Average fruit prices rise for "6th consecutive month"

The average price of Chinese fruit continued to rise for the 6th consecutive month, but after the growing consumer demand during Tomb-Sweeping Day [April 5th, 2019] disappears, the price is likely to fall again. Seasonal fruits such as pineapples and cherries will enter the market in bulk, and when supply is sufficient, the price will return to regular levels.

Breaking down the average price by fruit variety we can see the following: the price of Fuji apples is predicted to show a steady decline. The supply volume of top-quality apples from Shandong is relatively large and retail is smooth. The price in Shaanxi and Gansu is relatively high and retail is slowing down. While the price in Shandong is expected to maintain its current levels, the price in Shaanxi and Gansu is predicted to come down.

The production of bananas is shifting from production areas in Yunnan to Hainan. The quality is improving and the higher temperatures also aid banana sales. Production and retail both perform well. The price is predicted to show a steady increase. The price of seasonal fruits such as strawberries, pineapples, cherries, and mangoes, however, is expected to fall as supply grows.

Source: askci.com


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