The price of Huangguan pears has begun to fall recently, with a drop of 5-20% for different sizes. The price of medium and low-end pears dropped considerably, and the price of brand high-end pears fell only slightly. The price drop has had a big impact on the speculators in the production area. The producers in the production area are actively shipping goods, while the market is slowing down.
The price drop was affected by two factors. On the one hand, it is impacted by seasonal fruits. At present, seasonal fruits are listed in batches, with a wide variety and sufficient supply. The prices of watermelons, melons, nectarines, cherries, etc. are also falling. Consumers prefer to try fresh and seasonal fruits, and the demand for pears is weak. Therefore, the price dropped to a certain extent.
On the other hand, the price is influenced by exports. Although the sea freight rate has dropped since April, it is still at a high level compared with previous years. The price of domestic fresh pears has risen too much, pushing up the total export cost. In foreign countries, the purchasing power has declined due to the impact of the pandemic. Consumption has been weak, and exports have been slow. According to exporters, the export volume of fresh pears in April and May fell by more than 50% compared with the same period last year, which also had a certain impact on the absorption of domestic inventories.
The current price fall may have a stimulating effect on domestic and foreign markets, and the devaluation of the RMB also has a positive impact on exports. If the sales progress of low-end and middle-end fruit is relatively fast, there may still be some room for high-end and high-quality fruit in the market. In late June, early pears, including Cuiguan, Lvbaoshi, and Zaosu pears, will be listed one after another to fill the market, which will enrich the supply varieties and total volume of pears.