Chinese apple harvest is abundant this year and the price is falling

"This year there was less fluctuation in the price of apple contracts, compared to last year, and the industry is more involved. The conditions in the apple industry are more closely matching the development of the apple market." This is according to an agricultural product researcher at Haitong Futures. This year the fluctuation is significantly lower than last year. People in the apple market are less willing to speculate on trade volume and storage volume.

First, weather conditions in major production areas have been stable, so there is no material for speculation. This significantly reduced the interest in speculation.

Second, the stock exchange further improved the regulations of apple contracts. This includes broader quality standards for delivery and new methods of delivery to warehouses. These measures all benefit greater participation of clients in the trade of apple contracts.

Third, apple contracts appeared on the market almost two years ago. Investors now have a greater understanding of the supply chain in the apple industry, as well as the regulations of contracts and the methods of delivery. Speculation went wild in the apple market in 2018, but has since calmed down.

Source: cnwest.com


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