China: Export price of Chinese potatoes was expected to drop, but is rising instead

Published 2020년 8월 18일

Tridge summary

Despite many agricultural products facing poor sales and falling prices, leading to significant financial losses for farmers, the export conditions of Chinese potatoes have improved. The export price has increased and the export volume has expanded, providing new commercial opportunities for Chinese potato farmers. China's stable Covid-19 situation and the severe situations in other countries, such as Pakistan and India, have led overseas customers to shift their attention to China. Chinese potatoes are exported almost all year round to countries such as Russia, Southeast Asia, and the Middle East, and processed potato products are also exported to developed markets in South Korea, Europe, and the USA.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Many agricultural products encountered sales difficulties and the prices went down. Many farmers have had to abandon their harvest because the selling price is so far below the cost price that selling would incur greater loss than leaving the crops in the ground. Farmers suffered immense financial losses. Potato farm Potato farm However, while many agricultural products sold poorly, the export conditions of Chinese potatoes actually improved. Not only did the export price increase in comparison with last year, but the export volume also expanded. The market conditions are much greater than in previous years. There are several reasons for this development. China has a grip on the Covid-19 pandemic and the situation seems stable at the moment. At the same time, the situation in other countries is still quite severe. Pakistan and India, for example, are still struggling, which has had a huge impact on their potato export market. Overseas customers have shifted their attention to ...

Source: Argenpapa