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How does the corona virus affect the Chinese apple market?

The outbreak of the corona virus has greatly impacted the Chinese fruit markets throughout the country. Trade in apple production areas has not yet begun. The situation is as follows:

1. Apple warehouses are filling up. The overall storage capacity in China reached a record height this year, but the actual speed with which traders are stocking their apple warehouses is relatively low, around 10%-15% slower than in regular years. Traders were quite optimistic earlier this year because the sales season is one month longer this year, however, the outbreak of the corona virus delayed the sales season by at least half a month. As the apple reserve is growing, so is the pressure on warehouse owners to sell their stock.

2. The product quality of apples in storage is problematic. Poor-quality apples can not spend a long period in storage. The overall product quality of apples is not great this year. This is particularly true for apples from production areas in the west of China. In some areas the ratio of second-rate apples is 30% higher than in regular years. This is a disaster for apple farmers.

3. Market competition only grows more fierce. Apples are not the only fruit affected by the consequences of the epidemic. Other staple fruits such as Shatang tangerines and pears, or seasonal fruit from south China such as passion fruit and mangoes, all face similar conditions. The Shatang tangerine particularly suffers. The production volume continued to grow this year, which adds extra pressure on sales. At the same time, the volume of imported fruit is also expanding. The prices of fruit are significantly lower than in previous years and the sales volumes are growing. Supply exceeds demand in the domestic fruit market. The pressure on domestic fruit is growing every year.

Source: pingguo7.com


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