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Market conditions of Shatang tangerines slightly improve

Chinese production areas gradually resume operations

Many production areas in Guangxi have gradually resumed operations in recent days. Some visiting traders began to arrive and place orders of Shatang tangerines. Although traffic is still severely restricted, trade has resumed in many parts of China. The price of Shatang tangerines showed a slight rise in comparison with the last few days. The top-quality Shatang tangerines from Lipu and Mengshan sold for as much as 1.8 yuan [0.26 USD] per 0.5 kg, while Shatang tangerines from other areas sold for 1.5-1.7 yuan [0.21-0.24 USD] per 0.5 kg. Medium-quality Shatang tangerines sold for around 1-1.4 yuan [0.14-0.20 USD] per 0.5 kg. The last tangerines of the season, small tangerines, and other poor-quality tangerines sold for around 0.5-0.8 yuan [0.07-0.11 USD] per 0.5 kg.

There is a notice in Guangxi that prohibits road blockades, which means transport is relatively smooth, although still limited. Harvesting remains a problem. In Laibin and Guilin the labor cost for harvesting is around 0.25-0.3 yuan [0.03-0.04 USD] per 0.5 kg. The labor cost is quite high and laborers are difficult to find during the harvest season. Another issue is how to prevent the spread of corona virus in situations where large groups of people gather to work together.

The price of Orri mandarins also showed a significant rise. Premium mandarins from Wuming county costs more than 4 yuan [0.57 USD] per 0.5 kg, with some mandarins reaching as much as 4.5 yuan [0.64 USD] per 0.5 kg. Even second-rate mandarins sell for as much as 3 yuan [0.43 USD] per 0.5 kg. The price also increased in other production areas. The average price is more than 3 yuan [0.43 USD] per 0.5 kg. That is a price increase of 0.3 yuan [0.04 USD] per 0.5 kg in comparison with the last few weeks. However, the overall supply volume is still quite small and so are the trade volumes.

Source: ncw365.com


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