As the Spring Festival approaches, the fruit market is very active. According to statistics from the Ministry of Agriculture and Rural Affairs, in December 2020, the average wholesale price of the six key fruits monitored was 6.04 yuan per kilogram, showing an increase of 7.9% from the previous month and a year-on-year increase of 17.5%.
There are two main reasons for the increase in fruit prices. First of all, driven by holiday consumption, fruit prices usually rise seasonally every year between New Year's Day and the Spring Festival. In addition, due to the reduced production of some varieties caused by natural disasters, supply on the market is low. For example, compared with the same period last year, the price of pears rose by more than 58%. According to reports, affected by frost damage, floods and other disasters, the main pear producing areas such as the Bohai Bay and the Northwest areas are seeing varying degrees of reduction in production in 2020.
Experts said that the overall pattern of a slight oversupply in the national fruit market has not changed. However, due to the relatively late Spring Festival this year and a long pre-holiday preparation period, there is still room for prices to rise. However, due to the sharp increase in the production of seasonal fruits such as citrus, large volumes of Shatang mandarins and Navel oranges will flood onto the market in the later period, and prices are expected to stabilize and decline.
The total stock volume of the new apple season is at a historical high, and the shipment speed is significantly slower compared with last year. Prices are expected to remain steady with slight increases. The supply of fresh pears is tight due to natural disasters, but the large supply of apples and citruses, which are alternatives to pears, may curb the increase in pear prices. In general, fruit prices will continue to rise seasonally before the Spring Festival, but a sharp rise is unlikely.
Source: Northwest Fruit Industry Information