China: The epidemic has led to the suspension of processing, and the production of domestic raisins may drop to 170,000 tons

Published 2022년 10월 10일

Tridge summary

The USDA's "China Raisin Annual Report" forecasts a nearly 6% decrease in China's raisin production for the 2022/23 season, reaching 170,000 tons, due to the Turpan epidemic control suspension. Despite the drop, raisin imports are anticipated to rise to 31,000 tons, driven by demand in the recovering food processing industry. However, exports are expected to decline by 15% to 16,000 tons due to high inflation and competition from major suppliers like Turkey. The production disruption has resulted in a slight decrease in farm-delivered prices for the 2022/23 season, but a significant increase is predicted as the season progresses and quality improves.

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

Original content

The "China Raisin Annual Report" released by the USDA shows that raisin processing is suspended due to the Turpan epidemic control, and China's raisin production in the 2022/23 season is expected to drop by nearly 6% to 170,000 tons. Due to the expected relaxation of the new crown epidemic control measures, food processing Driven by demand, raisin imports are expected to rebound to 31,000 tons in the 2022/23 season. Affected by rising domestic prices, raisin exports may fall by a further 15% to 16,000 tons. Production The 2022/23 season (August 2022-July 2023) China's raisin production is expected to be 170,000 tons, down nearly 6% from the previous season. Local traders in Turpan said that the raisin processing that started in early August has been suspended, and meanwhile Farmers are unable to harvest fresh grapes. If the lockdown lasts for a long time, some grapes may not be available. Turpan experienced an ongoing lockdown in the summer of 2020, resulting in a more than 20% ...

Source: Guojiguoshu