Will Apple Prices Increase in 2022?
Here is an introduction to whether apple prices will rise in 2022 related to green plants and flowers, with the following details:
Will Apple Prices Increase in 2022?
Apple prices may increase in 2022. Market sentiment of relevant players is also affecting the current fruit price fluctuations, based on feedback from the sales markets. Wholesalers are selling slowly, and as seasonal fruits become widely available, buyers and distributors are returning to rationality. The purchasing sentiment of origin buyers will also return to rationality, and prices are expected to show a downward trend.
2022 Apple Price Trends
Following the increase in vegetable prices, fruit prices are also 'on the move.' After the Frost's Descent (October 23), apple prices, which should have decreased, have seen an increase. A China Business News reporter found that, in addition to apples, the prices of bananas, mangoes, and oranges have also slightly increased compared to previous years.
Of particular concern is the reason behind the abnormal increase in apple prices, as well as the potential overall price changes in the fruit market that may be caused by the increase in apple prices.
"Generally speaking, apple prices tend to fall after the Frost's Descent," Sun Jing, an analyst with the Agri-Products Division of Shanghai Ganglian E-commerce Co., Ltd., told China Business News. "After this year's Frost's Descent, however, apple prices have risen instead of falling, with a significant increase in the price of apples in the main producing area of Shandong."
Agricultural and Rural Ministry statistical data show that during the period from October 15 to 22, the average price of five key monitored fruits (Fuji apples,巨峰 grapes, bananas, pineapples, watermelons) was 6.05 yuan/kg, up 3.2% from the previous week and 9.4% year-on-year.
A China Business News reporter saw that the current retail price of apples is between 8-9 yuan per jin. Merchants say the price of new season apples has increased compared to before. An apple distributor in the Shandong region told the reporter.
Analysis of 2022 Apple Price Trends
From the end of September to the entire National Day holiday, rainfall increased in major northern apple-producing areas such as Liaoning, Shandong, Henan, and Shanxi. Due to waterlogging, field-grown apples can only be harvested and transported manually, increasing costs and thus prices.
It is currently the peak season for apple purchases, but the weather conditions of excessive rain and low temperatures have affected the (G-Y) volume of this year. "There has been a certain degree of reduction in apple production in the Shandong region. Survey data show that the apple output in the Shandong production area from 2021 to 2022 was 9.58 million tons, a decrease of about 7.5% from last year."
Ms. Sun Jing said, "The supply of high-quality apples from major producing areas in the west, such as the Shaanxi region, has basically ended, and due to the impact of the COVID-19 (F-Y) pandemic and increased control measures, some apple buyers are looking for customers in the east. This has led to an increase in eastern customers, but there are fewer high-quality apples available, leading to higher prices."
Some fruit dealers told China Business News that with the gradual availability of new season fruits, the increase in apple prices may drive up the prices of other fruits. Dealers will also adjust the terminal sales prices of other fruits based on market conditions.
How Will Apple Prices Change in the Latter Part of This Year?
Ms. Sun Jing said, "After the Frost's Descent, apples from the main producing areas are harvested in large quantities, and buyers tend to choose high-quality apples for storage. However, the commodity rate of new season apples from 2021 to 2022 has significantly decreased, and there is no excluding the possibility of a continued increase in prices for good goods in the short term."
The rise in apple prices has produced a 'driver effect.'
On October 25, the futures price of apples exceeded the 8300 yuan/ton mark, reaching a new high in a year. This also means that the capital market is relatively optimistic about the future increase in spot apple prices.
In addition, the above-mentioned fruit dealer also told the reporter that since September, the prices of bananas, mangoes, and oranges have also increased after the rise in apple prices.
Among them, the price of bananas has increased by 20% compared to previous years. After the rise in apple prices, the prices of other fruits have also increased to some extent.
The above introduction to whether apple prices will rise in 2022 is for everyone's learning and understanding!