Sharp drop in blueberry prices in China due to production expansion

Blueberry prices in China have recorded a sharp decline in recent weeks. The reason? According to local media, the culprit would be the rapid expansion of domestic production that has flooded the market. Additionally, the fruit has stopped being considered a premium product to become a more accessible snack for consumers. The China Daily website reported that since March, prices have been reduced by almost half compared to the levels recorded during the Spring Festival celebrations. "In many supermarkets, a 250-gram container that used to sell for around 30 yuan (US$4.1) now costs about 20 yuan, while wholesale prices have dropped from about 150 yuan per box to approximately 80 yuan," the media outlet reported. Moreover, in the main production areas, the price at origin has fallen to about 30 yuan per kilo, nearly 50% less than a year ago. In statements to China Daily, Gao Dengtao, an expert from the Zhengzhou Fruit Research Institute, attributed the price drop to the rapid rise ...