It is predicted that in 2020, oversupply will still dominate the vegetable market across China. The overall planted area and planting scale will remain very large, and the market demand will stay low, resulting in weak prices.
Moreover, farmers are guided by current poverty alleviation policies and the adjustment of the farming structure in various areas towards growing vegetables, so the production is still increasing. In the meantime, farming facilities continue to develop, yields continue to increase, and the ability to prevent disasters continues to increase. All these factors contribute to China’s huge vegetable production.
Traditionally, vegetable prices tend to increase in the first quarter and decline in the second quarter, reaching the lowest point of the year in June and July. With seasonal vegetables flooding into the market, supply in the mainland is expected to shoot up. That, along with vegetables unable to be marketed in a previous period also flooding into the market, may result in prices declining in a seasonal manner in the coming months. Certain varieties may be at risk of slow sales.
Source: Today's Headlines