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China: Apple and orange prices remain high

Various media outlets continuously point to the high overall prices of fruit in the Chinese market, which are relatively high in 2019. The fruit market conditions were positive in the first half of this year. Farmers, importers, and fruit stores all received their profit.

The conditions of Shanghai Fruit Wholesale Market in weeks 18-22 were as follows:

Price of oranges continues to rise
The price of oranges in production areas showed an overall upward trend in recent weeks. The Chinese market leans towards Egyptian and Spanish oranges. The market conditions for Egyptian and Spanish oranges have been great. Even though Spanish oranges suffered a loss early in the season, their market conditions continue to improve.

Price of domestic apples continues to rise, imported apples are unwilling to fall behind
The production volume of domestic apples reached the lowest point in 18 years. The prices of imported apples from New Zealand, South Africa, and Chile are relatively high because overall supply is low. The best-selling apples cost around 10-20 yuan [1.45-2.90 USD] per 0.5 kg. The wholesale price of New Zealand apples increased from 200-300 yuan [28.97-43.45 USD] per box to 434-456 yuan [62.86-66.05 USD] per box. The price of South African apples is more than 300 yuan [43.45 USD] per box, and top-quality apples from Chile similarly cost more than 300 yuan [43.45 USD] per box.

Price of grapefruit comes down
The Chinese grapefruit market experienced a supply shortage when grapefruit from Israel left the market. Many traders turned towards domestic grapefruit to supplement market supply. The South African grapefruit season opened in March and April. Traders bought large volumes of early-season grapefruit from South Africa. The overall export of South African grapefruit to China began to expand last year, but market conditions have been poor. The market conditions will hopefully improve this year.

Source: ifreshfair.cn


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