GWM China Imported Fruit Market Update Week 29 – Cherry

The mood in the market was mostly positive in week 30, with numerous citrus products seeing an increase in price level due to constrained supply, short supply on apple varieties also resulted in better price levels. Imported grapes from Mexican and U.S.A however entered a market with ample local supply with asking prices much higher than the domestic crop, movement was slow. Week 29’s weather saw numerous days of rainfall in south China, affecting Guangzhou market as well as grape producing regions such as Yunnan. Shanghai saw primarily cloudy conditions with rainfall on some days. Temperatures across most of China remained high with humidity along coastal regions also high. The forecast for Guangzhou in week 30 is for continued thunder showers with Shanghai also predicted to remain overcast with showers.

The market for cherries remain under pressure as volumes arriving into the market remained high, coupled with the additional sea freight arrivals near the end of the week buyers had ample choice between varieties and brand. Air freight arrivals were as expected dominated by the U.S.A with Sweet Heart, Lapin and Skeena the most available varieties. Due to sea freight arriving into the market there was also a large influx of Bing, showing an overall good firmness however also showing slightly more pitting. U.S.A Lapin and Skeena mostly shared the same concerns with buyers noting the cherries to be too soft, while Sweet Heart was reduced in price due to more mixed red colouration in the boxes. Most of the fruit was able to move in the range ¥280-320 (9.5R, 5kg) however price levels are expected to come under more pressure as sea freight impacts price. Canadian cherries were able to reach higher price levels than their counterparts to the south with buyers preferring particularly the firmness of the fruit. Good quality Lapins from Canada were pricing between ¥70-90 higher than most U.S.A Lapins.