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Imported Fruit a Hot Commodity at Jiangnan Wholesale Market

February 06, 2017

The Weekly Fruit Price Index at Guangzhou’s Jiangnan Fruit& Vegetable Wholesale Market for the period of January 23rd-29th totaled 223.49, a 3.31% increase compared to the same period last year. The overall trend of the Fruit Price Index for this period was one of increase and decrease, as the Spring Festival holiday brought a certain volatility to the market.

The average price for fruit at Jiangnan for this period was 20.26 yuan/kg, an increase of 1.1% from the previous period (January 16th – 22nd). The average daily trading volume for all fruit was 4,808,400 kilograms, an impressive increase of 7.78% over the same period last year. The trading volume for domestic Chinese fruit declined by 12.55% to 1,295,400 kilograms, whereas imported fruit trading volumes increased by 17.88% to 3,513,000 kilograms. 

The brisk trade in gift boxes and fruit baskets during the Chinese New Year festival was the primary driver behind increased fruit trading volumes during this period. Longans, cherries, and grapes had the highest sales volumes across all imported fruit categories, with gross trading volumes reaching 6,730,000 kilograms, 3,730,000 kilograms and 3,350,000 kilograms, respectively.

Sales of apples, pears, and citrus remained the dominant varieties of fruit in China’s domestic fruit trade for this period.

The overall price of fruit at Jiangnan also increased in line with the growth in trade volume, rising 1.1% in price from the same period last year. Three categories of imported fruits, coconuts, mangosteens, and cherimoyas, witnessed the biggest increases in price, rising by 15.8%, 14.9%, and 13.4%, respectively.

It is predicted that the overall price of fruit at Jiangnan is to decrease as the Spring Festival draws to a close.

The chart below shows the average daily price of major trading fruit from January 23rd –29th.


 

Pictures: Baidu Images

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