Recently, the price of American cherries imported by air have been selling for less than 60 yuan/kilo, insiders said. Exporters and importers of American cherries have suffered losses, brought about by three causes. First of all, due to the escalation of the China-US trade war, Chinese consumers have lost interest in American goods. Moreover, the increase in tariffs resulting from the trade war has led to an increase in the costs of importing and exporting. Lastly, cherries from Uzbekistan and Kyrgyzstan, which almost overlap with the American cherries, have entered the market to take advantage of the market gap.
Source: iFresh