The price of fresh apples and the new season of apples in storage both profit from a decreased production volume as a result of poor weather conditions. Apple traders should not be too optimistic, however, as apple prices are influenced by more than production volume alone.
The price set by early-season apples is likely to rise even further in this Mid-Autumn Festival period. Furthermore, recent rainfall in Gansu, Shaanxi, Shanxi, Henan, and Shandong has not been favorable for the remaining harvest of high-quality green and red Fuji apples. The price increase is expected to last until the "National Day" [1 October] when traders begin to purchase apples for storage.
Source: iFresh Fair
