Announcements

Job offersmore »



Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Leafy vegetable prices plunge

China: Vegetable prices fluctuate after Chinese New Year

According to the voice of rural China - The Agriculture, Rural and Farmer magazine - vegetable varieties sold in the market are gradually becoming more diverse as the weather gets warmer. After the Chinese New Year holiday, the price of leafy vegetables dropped significantly, while the price of root vegetables rose.

There are several reasons behind this. First of all, the big price drop of leafy vegetables was mainly due to the abundant supply and short shelf life. Among which, leek prices decreased by 18% and spinach fell by 12%. Secondly, the rise in root vegetable prices was attributed to the tight supply. And root vegetables’ future price tend to rise as the market stocks gradually reduce. Thirdly, a price recovery was seen in some varieties which were in decline before the holiday, e.g. the tomato price rose by 5% after the holidays.

The holiday effect is the main reason affecting vegetable prices. It is usually the peak season for vegetable markets before the Chinese New Year. People like to purchase seasonal vegetables ahead of the holiday, and the market consumption sees a significant increase accordingly. In addition, winter vegetable production is limited, and the costs of labor and logistics increase as well, so that vegetables prices usually tend to rise sharply before the holiday. Along with the increasing supply, vegetables prices will gradually return to their normal levels.


Source: www.cnr.cn


Publication date: 3/7/2018

 


 

Other news in this sector:

6/21/2018 Mexico: Tomatoes surpass avocados and become second most exported product
6/21/2018 US: Hourly wages for hired farmworkers have grown steadily
6/20/2018 How sealed containers are broken open
6/20/2018 Global ambitions for Australian vegetable growers
6/20/2018 “Difficult Dutch tomato market, but there’s light at the end of the tunnel”
6/20/2018 US: Pricing and demand of Romaine lettuce are off
6/20/2018 US, Spain, and Mexico account for 40% of Peruvian pepper exports
6/20/2018 Spain: End of Canary tomato campaign with lower exports
6/20/2018 Annual growth in labour costs at 2.0% in euro area
6/20/2018 China: Shandong vegetable prices increase
6/20/2018 US (CA): Radicchio welcomes strong demand
6/19/2018 Canadian growers shake their heads at talk of boycotting US goods
6/18/2018 Africa: New programme to boost soil productivity, reduce soil degradation
6/15/2018 America's favourite vegetable is broccoli
6/15/2018 Modernisation creating good competition on the pepper market
6/15/2018 Guatemala: "Crops won't be harmed by the eruption of the volcano"
6/15/2018 Norwegian cucumbers are doing well
6/15/2018 US: Rain in Florida, labor shortage in California for tomato growers
6/14/2018 Demand for South Australian eggplant carrying on into winter
6/14/2018 “Greenhouse strawberry season was a bit atypical this year”