Recently, the price of pumpkins at the Henan Wanbang International Market has been dropping, as reported by the market. There are a few main reasons for this.
First of all, the number of production areas has increased. The pumpkins sold at the market this week are mainly from Guangxi, Hunan, and Hubei. Compared with last week, Hunan and Hubei are new. The marketing period of pumpkins from Guangxi is now nearing the end. According to traders at the market, the daily supply of pumpkins on the market is about 150 tons, resulting in an oversupply.
Secondly, there’s a big difference in quality. Currently, the number of pumpkin production areas and the production are both large. The quality and taste of pumpkins from different regions differ considerably. At the moment, the market price for pumpkins with better quality is 2.6/kg, while the price of poorer quality pumpkins is about 1.5 yuan/kg, nearly half of the former.
The third reason is the weather. The temperature this week is high, and the market is in an off-season. There’s a large volume of pumpkins available at the market, but there are fewer people coming to make purchases. Many traders haven’t been able to clear them in time, resulting in an overstock, which has led to lower overall prices.
It is expected that next week when pumpkins from Hunan and Hubei start to become available in large volumes, prices will continue to decline.
Source: Henan Wanbang International Market