The price of apples recently showed a clear rise in markets throughout China. The price increase is quite large. People in the industry stated that the price of apples had already broken historical records. The degree of the increase depends on the apple variety, production area, and flavor.
Data shows that the price of apples from warehouses in production areas showed a continuous upward trend since Chinese Spring Festival [February 5th, 2019]. Yang Jun, data analyst at Zhuochuang Information, explained that the price of Chinese apples reached historic heights after April.
The surface area devoted to apple production in China is extremely large. The apple is one of the most important fruits in China. The apple price has been relatively stable in recent years, but this year broke all the records of previous years. Yang Jun pointed out that similar conditions occurred in 2014. The main reason for rapid price increase is limited production volume in the previous year, which results in a smaller volume of apples in storage.
Source: Farmer Daily