At the moment, a lot of fruit varieties are on the market, the supply is very adequate and consumers have lots of fruit to choose from. It is a typical situation of oversupply.
Moreover, normally high priced imported fruit is also sold for wage prices. In the past, the amount of fruit import was restricted. The cost price of these fruits also had to be higher than local fruits. Now, due to the increased amount of imported fruit, foreign fruits also lost their status. For example, Shanghai's fruit import amount already reached 60,000 tons last year. It is more than five times the amount of ten years ago.
After the price of Chinese fruit tumbled, the price of imported fruit also fell by 20% or more. The price of a small minority fell even by 40%.
Source: Eastern Network