This is the time of year when imported cherries enter the Chinese market. The cherries are for sale on e-commerce platforms and in physical shops as well. The wholesale price of cherries came down somewhat from the high position it maintained in recent years. The current end-market price of cherries is less than 60 yuan [8.51 USD] per 0.5 kg.
People in the industry state that import cherries mainly come from Chile, Australia, the USA, and Brazil. The largest volume comes from Chile. The overall surface area devoted to cherry plantation in Chile continues to grow every year. The production volume this year is expected to increase by 15% in comparison with last year. This guarantees more than sufficient supply for the Chinese market.
The wholesale price of imported cherries is around 10% cheaper than last year. In addition to a larger production volume, the other reason for the lower price this year is the concentration of supply from different production areas during the same period. Furthermore, we are not yet in the holiday season, so consumer demand is not yet that strong. That is why the price is currently falling.
Source: Chongqing Business Newspaper