After the Spring Festival in China, the supply of vegetables in Xinfadi has tripled year-on-year, and vegetable prices have gradually fallen

Published 2021년 2월 18일

Tridge summary

The article reports on the increased vegetable supply and falling prices in Beijing's Xinfadi market during the Spring Festival holiday. With more people staying in the city and increased purchases by catering companies, the market has seen a threefold increase in post-holiday supply, leading to a significant drop in vegetable prices. Despite the higher prices compared to the same period last year, the market has seen a return to normal prices as the supply has increased. Prices have also fluctuated due to various factors such as planting conditions, market postponement, and increased land acquisition costs. However, with increased supply, prices have generally returned to normal or slightly lower, especially for beans produced in Yunnan.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Beijing News Express (Reporter Chen Lin) This year there has been an increase in the number of people staying in Beijing during the Spring Festival, and the post-holiday supply of Xinfadi market has increased by three times compared with the previous year. Today (February 18) is the seventh day of the first lunar month. The reporter visited Xinfadi, Beijing By the end of the day, more than 900 vehicles of vegetables entered the market, and only 300 vehicles of vegetables entered the market in the same period last year (Lunar calendar day). Vegetable prices have also fallen significantly. The weighted average price of vegetables has dropped from 4.68 yuan/kg on the second day of the first month to 3.62 yuan. /Kg. Buyers are buying vegetables in the vegetable trading area of Xinfadi Wholesale Market. Photography/Beijing News reporter Zheng Xinqia. More than 5,000 merchants stay in Beijing to guarantee the supply. The stall is officially launched on the second day of the first month. ...
Source: Sohu

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.