Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

China: Market demand for high-quality apples still strong

The Chinese market for apples has been depressed in recent years, as everyone knows, and the export market is even worse. This year, however, the price of high-quality Red Fuji increased. The reason for this increase is the continuing rise in living standards for consumers who select their fruit with more thought and attention for the outward appearance and quality of apples. In the last ten years, domestic apple output continuously increased. At the end of last year the output had already reached 43.880 thousand tons, which is an annual increase of between 7% and 3%. The output will continue to increase in 2018, but the growth of the consumer public may already have hit the ceiling.

The Chinese apple output is high, but supply exceeds demand because the market demands high-quality fruit, and consumers demand high-quality fruit, yet 80% of domestic apple output falls into the medium or low categories. High-quality fruit is scarce. In addition, next year the world's first delivery contracts for fresh fruit will be traded--delivery contracts for apples enter the market in Zhengzhou Commodity Exchange on December 22nd. This is beneficial for the international acceptance of domestic apples, and it is the next step in the establishment of a global center for fixed apple prices. Having been through a rapid increase of apple prices and sudden drops, as well as the listless market conditions of the last two years, now the apple industry is gradually moving towards a healthy development.

Source: iFreshFair
Publication date: