The sweet and fragrant watermelon becomes quite popular with Chinese consumers in the summer. The current price is around 1.90 yuan [0.28 USD]. The price started around 2.50 yuan [0.36 USD] when watermelons just entered the market in early May. Market analysts explain that the high price in early May was the result of high demand and limited supply. The current production volume is stable. The price is already lower than last month and predicted to fall even further in the middle of June as open-field watermelons enter the market in large volumes.
He Tan, data analyst at Zhuochuang Information, explained that open-field watermelons from north China had not yet entered the market in early May. The overall supply volume was therefore relatively small. Furthermore, the overall price of fruit is higher this year than in recent years. The price of watermelons will show a significant drop in June, but in comparison with last year the price of watermelons may still be higher.
Source: toutiao.com