China's Oversupply of Both Imported and Domestic Sweet Cherries is Crippling Prices

Imported sweet cherries in China are currently facing stiff competition with the country's domestic supply. This oversupply altogether led to lower wholesale prices. Fresh sweet cherry prices have shrunk -11.43% YoY to USD 18.19 per kg in mid-December 2021. Imports from the US and Canada arrivals coincided with China's domestic peak season, making the lowering of prices inevitable.