China Faced an Oversupply of South African Oranges in July

In July, China faced an oversupply of South African Oranges. Due to the high supply, the price of oranges dropped from USD 32.57-37.01 per carton to USD 7.40-14.80.

Chinese importers expect that the peak sales for South African oranges will occur ten days before the Mid-Autumn festival in September, so imports will increase in that time to cover demand. The current orange situation and the overall economic situation in China do not allow clear price forecasts for the second half of 2022.