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Market of imported blueberries and longans in China bleak

Currently, the overall price of imported fruits, such as blueberries, grapes, mangosteen, and longans, has fallen.

As of January 29, the average selling price of blueberries in the market was 19.33 yuan per half a kilo. However, in December 2020, prices were never been lower than 20 yuan per half a kilo. At the end of December, prices were even close to 30 yuan but dropped rapidly as soon as January arrived. At the beginning of January, prices even fell to less than 10 yuan per half a kilo. Later on, prices rose slightly and stabilized at the present over ten yuan per half a kilo. Prices are still showing a downward trend, so the market for blueberries is not optimistic. In supermarkets in Beijing, Shanghai, and other regions, a box used to sell for 16-17 yuan, but is only fetching about 8 yuan in January this year.

The lower prices are not only a result of the sluggish overall market brought by the Covid-19 pandemic, but also due to the fact that blueberries are a seasonal fruit, so it is challenging to keep them fresh and the loss rate is extremely high. At present, vendors are seeing a lower appetite for various imported fruits, so in order to clear blueberries in time, they are forced to sell at lower prices.

Compared with blueberries, the market of longan seems even bleaker. The price on January 29 was only 4.49 yuan per half a kilo, while a month ago, in December 2020, the average selling price was still 13.14 yuan per half a kilo, showing a price drop of a jaw-dropping 66%. The price drop of longans has a common reason as that of blueberries, which is the effect of lower cherry prices. In addition, due to a large increase of 40% in production his year, the supply is greater than the demand. The market appetite is lower, and the large volume of unsold fruit has to be marketed at a low price to reduce losses.

The main reason for the overall decline in the imported fruit market is that consumers are cautious about the consumption of imported produce due to the ongoing Covid-19 global pandemic. Before the pandemic is effectively controlled, it may be difficult to boost the consumption of imported fruit.

Source: Sohu

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