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Sweet corn purchase prices in Hainan shoot up

From December 2019, Hainan and Guangdong have become the main suppliers of sweet corn in China. Since becoming available, prices have been dropping instead of rising. Previously, growers and purchasers reported that the planted area in Hainan decreased slightly in 2019, mainly due to better fruit prices last year, which led some farmers to switch from sweet corn to fruit. However, the bumper harvest in Guangdong and Hainan aided by the favorable weather this year has led the wholesale prices since December to stay at 1.3-1.4 yuan/half a kilo.

However, prices have risen over the past 3 days, mainly due to the significantly lower volume from Guangdong, as the production speed was spurred by the weather in a previous period. Products from Hainan have consequently become highly sought after, and the purchase price has also soared from 0.8-0.9 yuan/half a kilo at an earlier lowest point to 1.5-1.6 yuan. The current wholesale price stands at 1.7-1.8 yuan/half a kilo.

Source: Today's Headlines

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