"We are already in December and the price of fresh pears is gradually rising, but the sales volume is still small. The price is likely to slightly rise even further during the period around Chinese New Year [25 January, 2020]. Many fruits enjoyed an abundant harvest this year, which means that the volume in storage is large. Supply clearly exceeds demand, in particular for apples and tangerines, which means that the price is quite low. The Chinese fruit market is in depression as a result of this development." This is according to Zhao Xiaolei of Hebei Tianbo Trade Co., Ltd.
Zhang Xiaolei of Tianbo Trade attends a fruit and vegetable exposition
"Difficulties in the domestic market also slow down sales in the export market. Russia and India have not yet completely opened their borders to fruit trade, which has a definite impact on the export of Chinese apples and pears. China exported large volumes of pears to Indonesia earlier this season, but later in the season supply rapidly increased, which put pressure on storage facilities. In the end this pushed the price down. The number of orders from Europe, the USA, and Asia all declined in December."
"China and the USA are still engaged in a trade war, but the impact on Chinese pear export is not significant. We maintain a regular level of deliveries and the price of Chinese pears in the US market is still quite good."
"In the last few years we've mostly exported our pears to countries across the globe and we sell only a small volume in the domestic market. We expect the current depression in the Chinese pear market to continue for the foreseeable future. Only after the market is able to consume a certain volume of pears will conditions improve. Now is still too early to tell whether the market conditions will improve after the Chinese Spring Festival."
For more information:
Hebei Tianbo Trade Co., Ltd.
Mobile phone: +86 138 3112 1180
Tel.: +86 311 8776 2066
Fax: +86 311 8776 9895