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Chinese apple market better than in previous years
The fruit price is not very high this autumn. The fruit on the market is mostly seasonal, like apples, tangerines, pomelos, pears, bananas and winter dates. Because there is so much supply of these kinds of fruit, the prices are rather low.
In the past two years, the apple price was rather low, without any major fluctuations. However, the sales still did not grow much. This year's apple price is different. The price has been increasing ever since the apples were distributed, and is now one third higher than last year's. The apples on the Jining market are mostly Yantai Fuji and Shaanxi Fuji apples. Because of the weather, Yantai is having quite a lot of spoiled apples, dropping the total production. The price for similar breeds is around 1 yuan per kilogram higher than last year, with high quality fruit seeing the biggest rise.
Furthermore, industry experts have found that, because of the large fluctuations of the apple price in the past two years, storage owners are quite unwilling to purchase apples now. The current stored apple quantity is only 70% of that of the previous years. As producers are storing apples, it is estimated that the apple price will polarize in the future.