Spring Festival is approaching lotus root harvest and prices fall against the trend in China

Published 2022년 1월 5일

Tridge summary

The article reports a decrease in the price of lotus root wholesale and retail for the upcoming Spring Festival in Wuhan, Hubei, China. Despite the drop, sales are seeing a significant increase compared to the previous year. The reduced prices are attributed to favorable weather conditions that have doubled the output of lotus roots from the previous year, leading to an oversupply in the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Consumption in the new year CCTV News: The Spring Festival is less than a month away, and the New Year goods markets everywhere are also beginning to lively. Pork ribs and lotus root soup is an indispensable dish on the Spring Festival table of many Hubei people. On the eve of the Spring Festival, what is the price of lotus root? What about changes? Let's go to the market in Wuhan and take a look. The Baishazhou Agricultural and Sideline Products Market in Hongshan District, Wuhan City is a large agricultural product distribution center in Central China. According to merchants, the wholesale price of lotus root usually rose slightly when the year was close. There has been a contrarian decline. Xu Liang, a merchant in the Baishazhou agricultural and sideline product market: Last year, the unit price of lotus root could reach 4.5 yuan (per catty), (this year) the unit price is a bit lower, the average price is only 2.5 yuan (per catty). The merchant said that although the price of ...
Source: Chinaeconomy

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