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Guangzhou Fruit Wholesale Market Report - Week 37

Delivery volume of Peruvian avocados declined after Mid-Autumn Festival, and the price went up

Market demand and consumer power have not yet recovered from Mid-Autumn Festival [10 September, 2022]. The number of visitors to Guangzhou Fruit Wholesale Market is visibly smaller and the delivery volumes have declined as well.

The price of Peruvian avocados began to rise in the middle of August. This is the last phase of the Peruvian avocado supply season, so the delivery volume is declining, while market demand remained stable. Demand exceeded supply, and so the price went up. The price of Peruvian avocados was around 50-60 yuan [7.13-8.55 USD] per box, but that price is now around 160-170 yuan [22.81-24.24 USD] per box. The price tripled, and traders do not expect the price to come down much.

In addition, the impact of the Mid-Autumn Festival on avocado sales was limited. Conditions before and after the festive period were more or less the same. The price of Peruvian blueberries, however, dropped by around 20% because the festive period is over, and also because the delivery volume is growing. Some traders hope the delivery speed will increase, so the price will come down even more.

Orange sales slightly slowed down after Mid-Autumn Festival, but some traders say that the impact is minimal. Market conditions still depend primarily on product quality.

The domestic fruit market is still dominated by Xinjiang plums. Some traders say that the market is polarizing. Some plums sell for 6 yuan [0.86 USD] per 0.5 kg, while others sell for 16 yuan [2.28 USD] per 0.5 kg, depending on product quality. The delivery volume of high-quality plums is limited and the price is high, while there is a lot of pressure on the price of second-grade plums. Other domestic fruits include small apples from Xinjiang and Shandong. Their market conditions are stable. The first avocados from Yunnan are gradually entering the domestic market as well.

New arrivals on the market include South African common pears and kiwi berries from Dandong in Liaoning.

Seasonal fruits that sell particularly well during Mid-Autumn Festival also experience the biggest decline in market conditions after the festive period is over. Thai pomelos, for example, are very popular in the period before Mid-Autumn Festival. However, the customers who buy them during the festive period and the customers who buy them throughout the year are not the same. The sales volume dropped after the festive period was over, although one trader pointed out that the impact was limited.

Another trader explained that fruit sales during this Mid-Autumn Festival were not as good as in previous years. National Day [1 October, 2022] celebrations do not traditionally include giving fruit as gifts, so that holiday does not affect fruit sales much.


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