Chinese tomato market bounces back

Published 2021년 9월 2일

Tridge summary

The Beijing Xinfadi Fruit and Vegetable Wholesale Market is experiencing a price fluctuation in Chinese tomatoes, with factors such as increased production volume, lower quality due to rainy weather, and the impact of COVID-19 leading to varied market conditions. Initially, the price per 0.5 kg fell significantly due to a large supply from Inner Mongolia, but recent rain and improved market conditions have led to a rebound in prices. Despite these price increases, the overall market impact is limited due to most tomatoes being sold in the first half of the season at lower prices, and the potential for increased supply and lower prices when weather conditions improve.

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

Original content

Most of the tomatoes currently available in Beijing Xinfadi Fruit and Vegetable Wholesale Market come from Chifeng in Inner Mongolia, Ningxia, and Gansu. Additional supplies come from Hebei and production areas near Beijing. The price of Chinese tomatoes encountered difficulties when tomatoes from Inner Mongolia, the largest tomato production area in China, entered the market. The purchase price was much lower than last year. In the middle of July, the purchase price of tomatoes dropped to 0.4-0.5 yuan [0.06-0.08 USD] per 0.5 kg. That is extremely low compared to last year's price of 1.2 yuan [0.18 USD] per 0.5 kg. "More recently the price bounced back and market conditions improved. The retail price of top-quality tomatoes had already increased to around 2.2-2.4 yuan [0.34-0.37 USD] per 0.5 kg. Rainy weather previously reduced the rate of tomatoes on the vine, which greatly limited the supply volume. The price rise is expected to continue for another two weeks." This is according ...

Source: Hortidaily