One analyst from the Cathay Jun'an Agricultural Group explained that the prices of numerous fruits have recently shown a significant increase. The main reason for this development is that supply and demand are not in balance. May is a relatively slow month for fruit, because many types of fruit only ripen in autumn, such as apples. There are also fruits that arrive early on the market, such as peaches and lychee. When supply is limited, the price rises.
Furthermore, cold weather conditions limited the production volume last year. The volume of apples that entered storage last year declined by 40% in comparison with the previous year. The price of apples is not the only price to grow this year. Other fruit prices followed. In addition to the low volume of fruit in storage, poor weather conditions recently exacerbated the situation and pushed the price even higher. However, in the second half of this year, when autumn fruits ripen and the production volume grows, the overall fruit price is then expected to come down.