In the first half of this year, whether in the wholesale or retail market, skyrocketing prices could be seen. According to wholesale market data, high prices this year are mainly the result of a shortage of “staple fruits”. As the production of such fruit recovers in the second half of the year, the days of high-priced fruit may come to an end.
Judging from the wholesale prices of various types of fruit published by China Agricultural Information Network, fruits experiencing price increases in the first half of the year are indeed not rare, but there are in fact not many that have experienced what can be described as skyrocketing prices. The reason for price increases is mainly due to short supply.
In July, the production of seasonal fruit increased. The pricing curve in the wholesale market began to fall, although this turning point came later this year. Prices of watermelons, melons, dragon fruit, peaches, and other fruits began to drop rapidly. By mid-August, the price of various fruits had fallen back to normal levels.
In 2019, the production of pears, apples, and other staple fruits in various production areas have experienced favorable growth, with a good harvest in sight. At a normal pace, crops should be available around September. That is to say, starting from next month, fruits that have maintained high prices for half a year may face a U-turn. In addition to the oversupply resulted from rising production, imported fruit also poses a potential threat in the fruit market this year. Some insiders said that along with the price increases of Chinese local fruit, prices of imported fruit have increased by 30% year-on-year.
Source: Wanguo Fengyunhui