The harvest season of red dates lasts from September to November. Founder's interim data shows that spot transactions in major markets are relatively stable. Sellers in Zhangzhou are more enthusiastic about making shipments, and the overall supply is sufficient, but sales are slowing down slightly.
Supply and demand are still at the core when analyzing the market outlook. In terms of supply, stocks will be gradually cleared from September, waiting for the new season crop to become available. Recently, stockpilers in sales markets have been highly motivated, and huge stocks have been shipped. Some have also been processed and are waiting to be sold. The market supply has, therefore, increased. In terms of the new season crops, fruit currently has entered a period where the brix level increases and the color develops, and will gradually enter the ripening stage in early September. If this period sees abnormal climate and frequent extreme weather, the quality and yield will be compromised.
On the demand side, boosted by the upcoming holidays, sales are at an acceptable speed. The rising prices of processed products also give the current red date prices good support. In terms of alternatives, in the period between August and October, various fruits are harvested in north and south China, with grapes, apples and other fruit flooding the market.
With sufficient supply, fruit prices will continue to fall. This, on top of fresh dates gradually hitting the market, will have some impact on the consumer market and put a restraint on prices. In general, prices are expected to be dominated by fluctuations in the short term.
Source: China Securities Journal ยท China Securities