As traders wrap up their purchasing activities, the transaction volume in production areas has decreased significantly. Growers in production areas such as Yiyuan, Shandong are eager to clear their crop, resulting in a significant fall in their asking prices of about 0.30 yuan/half a kilo.
Currently, transactions in Yantai, Shandong are mainly for ungraded and uniformly priced goods. Prices vary with quality, reflecting the scarce availability of higher-grade products. Trading of late Fujis is wrapping up in West China, and growers are also finishing up putting their crop into storage. The overall volume in the storage is still increasing.
This year, in the mid-and-late purchasing season of late apples, prices have been on the decline. A reason for this is that there were fewer high-quality products available earlier in the season and prices were pumped up. In the mid-and-late season, the reducing volume of higher-grade products available in Northwest China led traders to move to Shandong to continue purchasing. Currently, products being purchased are of poorer quality.
Although growers in Shandong are also in the process of putting the crop into storage, the current volume in storage is unclear. On the whole, products being put into storage earlier in the season are mainly higher-grade products sourced at high prices, while whose in the later season are mainly average quality products from growers.
This year, due to frost and hails, there is a large percentage of damaged fruit that cannot meet the commercial standards. This not only lowers the overall quality but also delayed the overall shipment. These fruit not only led growers to suffer economic losses but also disrupted sales of the market, putting great pressure on higher-grade products in storage.
Source: Apple Planting