The output of jujube in China is expected to drop by 40%, and the price will continue to rise

Fresh Jujube

Fruits

China

Published Aug 22, 2023

Tridge summary

The output of red dates in Xinjiang is expected to decrease significantly due to weather conditions, leading to a strong increase in prices. The reduced production of jujubes in the new season is causing a consensus that the supply of jujubes in the future will decrease, pushing prices higher. China is the top producer of red dates, and the tight supply pattern is expected to continue driving prices upwards.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Affected by the weather, the output of red dates in Xinjiang, which accounts for 50% of the country's total output, is expected to drop sharply. Boosted by the expected reduction in production, the price of dates has risen strongly. Since May, the price of new season red date futures has continued to rise, and the main contract 2401 has risen to 14,090 yuan/ tons, an increase of nearly 18%. The spot market price has risen, the price of Aral super grade is 13,500 yuan/ton, the price of first grade is 11,300 yuan/ton, and the price of second grade is 9,180 yuan/ton. Although the downstream consumer market is still in the off-season, the consumption of terminal dried fruits is weak, but Jujubes are on the rise. The spot prices in Zhengzhou and Guangzhou in the downstream markets of the sales area follow suit. The spot price is relatively strong, and the enthusiasm for buying and selling has increased. Cangzhou special grade is 12,850 yuan/ton, the price of the first grade is about ...

Source: Guojiguoshu