The demand for imported apples is high, on the Jiangnan market in China, which has had an effect on the wholesale prices recorded for the Southern Hemisphere supply. The maximum prices for a 19 kilogram box were near 400 RMB (€51.80).
According to an article on iqonsulting.com, the apple production in China suffered a strong decrease last year (-25%) due to a hard frost in the main producing regions. This led to an early end of the local apple season, with a low volume of stocks in the market. The Chilean supply started its season without major events, the volumes shipped were in line with the volumes shipped in 2018. This helped to keep the initial prices for this supply in the Jiangnan Market at a high level, around 2.2 USD FOT/kg on average, even higher than the prices for the New Zealand supply.
However, and despite that the maximum prices for the Chilean supply remained in a high level, new arrivals of extreme sizes (80 and 138) brought the average price to levels below 2 USD. By first weeks of May, without the arrivals of these extreme sizes, the price returned to higher values; in line with the figures of South Africa although always below the New Zealand price.
This week, due to a decrease in the arrived volumes from Chile, the prices continued to increase, reaching prices close to 400 RMB for a 19 kilogram box, around 55 USD, being the highest prices recorded between April and may in 4 years.