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After three weeks of competitive purchasing, the Chinese pineapple market returns to normal
Data from the General Administration of Customs China (GACC) shows that the temporary prohibition on Taiwanese pineapple import stimulated market demand for Jinzuan pineapples from Hainan and Guangdong. Market demand exceeded supply and the price went up. But in April conditions returned to normal and the price subsequently dropped. Manager Zhong of Agrade Shanghai Co., Ltd. recently talked about current conditions in the Chinese pineapple market.
The GACC announced on the 26th of February that import of Taiwanese pineapples was temporarily halted. The announcement immediately led to speculation in the Chinese pineapple industry. Although the actual export volume of Taiwanese pineapples is not that great compared to the size of the Chinese pineapple market, still the sudden announcement caused much competition.
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