Recently, the prices of various fruit plummeted. This is caused by the following reasons:
1. High prices were seen frequently in the previous period, where a certain degree of manipulation was involved. For example, apple sales prices were outrageously high in certain areas although growers didn’t receive high prices for their fruit. This, on the one hand, was due to the fact that apple production was low and the supply was tight due to weather conditions, and on the other hand due to capital operations, which led prices to rise continuously, and later to drop sharp sharply when the capital was withdrawn.
2. It is one of the fundamental rules of the market that any product experiences high prices and low prices, perpetually in cycles. After the price reaches the highest point, it will naturally begin to fall.
3. Large volumes of seasonal fruit, such as watermelons, peaches, melons, early apples, are becoming available, having a great impact on fruit prices.
4. Blind planting of fruit in the past few years has resulted in dramatically increased production, leading prices to drop.
5. The overall level of consumption and purchasing power of consumers have declined, resulting in less than ideal prices of all commodities.
Source: Fruit Service Center