Southern hemisphere produce remained significant but decreasing, which has allowed northern hemisphere fruits to account for more market share. Grapes and apples from the U.S.A were relatively more abundant in the market during week 44, while French apples were slow to enter. Local produce continues to impact the market, with a wide selection of quality and price available.
The weather saw steadily declining temperatures in south China while east China remains cold and north China close to zero. The forecast for week 45 is a sharp decrease in temperatures in Guangdong, with highs only in the low twenties and lows in the mid-low teens. This sharp decrease in temperature could impact the market in the south while Shanghai stays much cooler but more consistent. Rainfall is also expected in both regions closer to the end of the week.
Avocado prices as anticipated came under increased pressure in week 44, this was due to a combination of stocks being brought forward as well as Chile entering with larger volumes. As mentioned prices began to decrease in week 43, likely as importers tried to minimize risk before Chile entered. Mexican and Chilean avocados priced rather closely together with the better quality green and firm fruit asking between ¥140-150 (count #30, 6.5kg), fruit that was larger or already turning black asked in the range ¥110-120 (6.5kg). How the market develops in the coming weeks will be telling, putting importers under pressure to distribute the product and possibly push promotions.
To the side the updated Chilean avocado departures to China and Hong Kong, to date exports are up significantly by 225% with 232k cartons departing till week 44. Arrival week 45/46 are expected to be more testing on the market.
Image source: Pixabay
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