Chilean cherries are about to enter Chinese Xinfadi Market in large volumes

This is the time of year when Chilean cherries are air-freighted to the Chinese market. The supply volume is relatively small and the price is high. The supply volume is insufficient to satisfy the huge consumer demand for Chilean cherries. However, as we approach the peak period of the Chilean cherry sales season the first cherries begin to arrive by boat. Chilean cherries will soon arrive in huge volumes and the price will come down. Chinese consumers are looking forward to that moment.

According to Xue Furong, a fruit importer and retailer at Xinfadi Wholesale Fruit Market, "the current supply of Chilean cherries is air-freighted to the Chinese market, but the Covid-19 pandemic has reduced the number of flights, which is why the supply volume is insufficient to satisfy consumer demand. Among the three major cities of Beijing, Shanghai, and Guangzhou, the retail price is lowest in Beijing. The wholesale price of 1J and 2J cherries is around 580-630 yuan [88.64-96.28 USD] per 0.5 kg in Beijing Xinfadi Wholesale Fruit Market. The 1J and 2J cherries in Shanghai and Guangzhou, however, sell for as much as 610-680 yuan [93.23-103.93 USD] per 0.5 kg. The season of sea-freight cherries will only begin in 10 days when Chilean cherries begin to arrive in Beijing Xinfadi Market in large volumes. Only then will the price come down."

Data shows that China is the largest importer of Chilean cherries. The weather conditions in Chile have been great so far during the 2020-2021 season, so the overall production volume increased by 15% in comparison with last year. The overall production volume is around 300 thousand tons and almost 90% of the production volume is destined for the Chinese market.

Chinese cherries are still a long way from entering the domestic market. According to "Cherry King" Liu Wenpo, the Chinese cherries have just finished the pollination season. A small volume may be ripe around Chinese Spring Festival [12 February, 2021] and supplement the supply volume of Chilean cherries, but Chinese cherries will only enter the domestic market in large volumes after Chinese Spring Festival.

Source: Beijing Xinfadi Market

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