Cherry Prices in China Dropped Up to 60% in W2 Amid Surging Supply

During W2, cherry prices in China experienced a substantial 30% to 60% year-on-year (YoY) drop, driven by an increased shipping volume, which more than doubled compared to the same period in 2024, rising from 58.3 million boxes to 111.2 million boxes (5 kilograms/box). Moreover, an early Chinese New Year in 2025 caused a large volume to arrive before the holiday, leading to an oversupplied market.