MySheen

How much is the price of apples per jin? What are the reasons for the rise in Apple prices this year?

Published: 2024-09-19 Author: mysheen
Last Updated: 2024/09/19, China is one of the countries that produce the most apples in the world. Apple is one of the most common fruits in daily life, and its nutritional value is relatively high, which is rarely loved by consumers. The price has been around six or seven yuan per jin. But the price of Apple this year

China is one of the countries that produce the most apples in the world. Apple is one of the most common fruits in daily life, and its nutritional value is relatively high, which is rarely loved by consumers. The price has been around six or seven yuan per jin. But Apple prices have been rising this year.

Now, in some supermarkets, ordinary apples are sold for 12 yuan a jin, which has doubled the price of previous years. In the view of market participants, the relationship between supply and demand is the main factor affecting the price of agricultural products, leading to higher spot prices of apples.

At present, the price of Apple is rising, and many people think it is a factor in the futures market. Without much understanding of the operating mechanism of the futures market, it is believed that the so-called "financial speculation on the one hand and hoarding of goods on the other" has affected the spot price of Apple.

At the close of trading on June 6, the 1907 contract representing the price of last year's apple was 14048 yuan per ton, while the 1910 contract representing the price of Apple's mass listing in the new quarter closed at 9057 yuan per ton.

Crazy Apple-- production reduction is the main reason

In daily fruit, the price of apples has increased slightly. From the supply side, there was extreme weather in the main apple producing areas in 2018, and apple production decreased significantly. According to Zhuochuang information statistics, as of May 23, the national apple inventory was 1.37 million tons, a decrease of 46% compared with the same period last year, significantly lower than the same period in previous years. On the other hand, the impact is that watermelons and other newly produced fruits have not yet been put on the market in large quantities, and the overall stock of the fruit market is relatively small, failing to form a substitute for apples.

On the demand side, demand for fruit surged in the summer, leading to an increase in apple consumption. However, supply and demand can not keep up, making spot prices rise to drive futures prices higher.

Price increase is not the pot of Apple futures.

As the spot price of Apple heats up, futures prices are also rising. Recently, there has been a voice in the market that one of the reasons for the rise in spot prices is futures speculation. In fact, on the contrary, instead of raising spot prices due to speculation and other reasons, Apple futures have played a better role in stabilizing spot price fluctuations.

Apple becomes "golden fruit": futures trade pushes up apple prices. Before the listing of apple futures, companies generally rely on subjective judgment in the standard grading of apples, and do not price them according to the indexes such as sugar content, hardness and tolerance in the apple national standard, which can easily lead to different qualities of the same batch of apples. affect the overall value.

The outbreak of frost brought huge losses to fruit growers, but a group of people made a lot of money! What do you think of this?

 
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