"This year, the Chinese fruit market as a whole has been sluggish. Affected by this, the market for Egyptian oranges continued to decline, from 110-120 yuan per box (15 kg) all the way down to 60 yuan. Prices have only just picked up recently. ” Yu Dejun of Shanghai Nongfu Fruits said.
"Although the market for Egyptian orange has recently picked up after hovering around the bottom for nearly three weeks, due to the weak market, it lacks the momentum to improve. When the price at the primary markets rises, secondary and tertiary markets show signs of poor sales.”
"The last volumes of Egyptian oranges arrived in China before mid-May. The cost of these products has risen to more than 13 US dollars per box. Due to rising prices at the origin, Chinese traders have stopped purchasing them. Currently, Egyptian oranges in the Chinese market are all from storage.”
"For Egyptian oranges, the market in Europe and Southeast Asia is much better. Among them, the volume sent to Bangladesh is large. The price of 13 US dollars per box was still acceptable at the time."
Contact: Yu Dejun
Company: Shanghai Nongfu Fruits Co.,Ltd
Mobile: +86 186 5850 9217