The Xinfadi Market has been closed for about three weeks. During this time, vegetable and fruit trade in the temporary trading zone set up in the Market has gradually returned to a relatively normal and stable state. Recently, prices in producing areas stay firm and the demand for fresh vegetables has increased.
When the Market was ordered to shut down, the sales volume of vegetables that are resistant to storage and transportation accounted for a large proportion of vegetable sales. At the time, people bought more vegetables that could be stored for a longer period of time to prepare for the emergency, and the prices of these vegetables are usually lower. With the supply of vegetables returning to normal, people have more choices and the demand for fresh vegetables has increased rapidly. The higher prices of fresh vegetables have also boosted the overall vegetable prices.
At the beginning of the Covid-19 outbreak, the demand for vegetables was basically rigid demand, which is to fulfill the basic needs of living. With the passing of the peak, the demand for vegetables has been shifting into the demand for quality, which is the demand to improve the quality of living. This shift in demand has just occurred, and with the transformation, the demand for fresh vegetables is expected to continue to increase, and the overall vegetable price to rise further.
Source: Beijing Xinfadi Market