Supply volume of Chinese Shatang tangerines declines, but price remains relatively stable

The Chinese market for Shatang tangerines recently warmed up. The price of Shatang tangerines increased by 0.2 yuan [0.03 USD]. The price of top-quality Shatang tangerines is also very high at 1.8-2.2 yuan [0.28-0.34 USD] per 0.5 kg. However, since another cold wave is approaching, many farmers have decided to cover their tangerines with protective pouches. They are not in a hurry to sell. That is why the supply volume of Shatang tangerines recently declined.

The cold wave will impact production areas, wholesale markets, and its influence will even affect consumer markets. Consumers are not that eager to purchase tangerines and the market is slowing down. Furthermore, the outbreak of Covid-19 still creates obstacles for transport and some regions in north China are isolated. Many visiting traders from north China have temporarily halted their purchases. According to some farmers, most of the Shatang tangerines have been covered by frost, but the product quality is not likely to have suffered. Still, the market conditions of Shatang tangerines have deteriorated in production areas where the temperature dropped.

Source: ncw365.com


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