China’s ban on Taiwan pineapples backfires as new buyers step in

Published 2021년 8월 6일

Tridge summary

China's ban on pineapple imports from Taiwan, intended to be a political move, has unexpectedly boosted the fruit's demand and price in Japan, making it a surprising source of support for Taiwanese farmers. This surge in demand has offset the potential drop in prices that farmers could have faced due to the ban. The ban, part of a series of sanctions on various products from Taiwan, has led to a shift in Taiwan's pineapple export market towards Japan, with domestic demand also playing a role. The higher prices resulting from increased domestic demand have benefited the farmers, although there are concerns about the sustainability of the Japanese market due to its stringent quality standards and preferences for smaller, less-sweet pineapples.

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

Original content

(Aug 6): China’s surprise ban on pineapple imports from Taiwan five months ago was widely viewed as an attempt to undermine President Tsai Ing-wen’s standing with a political constituency. Trade data show the move has produced anything but the desired effect. First-half numbers collected by Taiwan’s Council of Agriculture show growers of the fruit on the island have fared better since China blocked imports starting March 1, as sympathetic Japanese shoppers stepped in to provide support. Shipments to Japan surged more than eightfold to 16,556 tons in the four months through June from a year ago. A domestic campaign to drum up demand also helped. The helping hand from Japanese importers has come as a pleasant surprise for Taiwan’s rattled farmers who were bracing for a plunge in prices following the move by China, which termed it as a normal precaution to protect biosecurity. The spiky fruit is among a long list of products from Australian wine to coal and lobster China has targeted ...

Source: Theedgemarkets