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Early watermelons in China seeing unusually low prices

Early watermelons from various regions have become available in China. In past years, the lowest prices seen on May 1 were at least 3 yuan per half a kilo, but this year is an exception. Theoretically, prices should rise if the supply of the early watermelons is low, but it is not the case this year, with prices staying at around 1 yuan per half a kilo, and many supermarkets have also launched promotions.

In previous years, only from June did watermelon prices drop to 1 yuan. Considering that it has been the case since the end of April, it has to be said that this year's market is not ideal. Insiders said that the quality of early watermelons is not satisfactory with the sweetness being not high and the skin being a little thick. Another reason for the price drop is that consumers' purchasing power has decreased, and consequently so has the demand for high-priced fruits. In addition, the production this year is looking to be high, so traders have to sell at reduced prices.

Source: Huinongquan


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