Since New Year's Day, there have been fewer merchants purchasing Shatang mandarins and prices have dropped significantly. Many merchants visit Laibin and Guilin to purchase this fruit. The price of good-quality mandarins from Wuzhou was about 2 yuan per half a kilo a few days ago but has started to drop recently. Many farmers have already harvested the fruit but didn’t sell them in hope of better prices, but prices dipped even further this morning, with good-quality supply at 1.6-1.7 yuan per half a kilo at best. Movement in the consumer market is slow, and these mandarins are tough to sell in the market after being purchased at higher prices, therefore, many merchants have stopped purchasing.
The situation in other production areas is similar. Prices of good-quality supply have in general fallen below 2 yuan/half a kilo. In some production areas, trading prices are even lower, at 1.2-1.3 yuan/half a kilo, while prices of fruit with poorer quality are in general below 1 yuan/half a kilo, marking a dip in prices across the board. In Yongfu and Lipu in Guilin, the acceptable prices for farmers are still above 2.2 yuan/half a kilo, but merchants usually offer about 1.6-1.8 yuan/half a kilo. Many farmers have not yet harvested the crops for sale in hope of better prices.
Affected by the price drops of Shatang mandarins, the market prices of Nanfeng mandarins and Orah mandarins have also declined in varying degrees, and the purchase volume of Orah mandarins has decreased. Insiders said that the market price of Shatang mandarins is low, while the shipment of Orah mandarins is slow. Despite the good prices, there is no demand at the places of origin for Orah, so there are only occasional purchases.
Source: NFNCBcitrus