China Flag

INTERNATIONAL MARKET REPORT

10/24/2024

CHINA

MARKET PULSE

CURRENT EXCHANGE RATE: 7.12
CHANGE FROM LAST MONTH: +1.41%
VOLUME TO DATE: N/A BOXES
CHANGE FROM LAST YEAR: %

(SOURCE: WSTFA)

Feedback from the Trade on Their Plans and Interest in the USA Pear Season:

The small crop of USA Pears this season will lead to higher export prices, coupled with 25% high tariffs, which will significantly impact the USA Pear exports to China.

Expectations for Any Freight or Logistics Challenges:

Currently, the unstable shipping schedule of international logistics will affect the arrival time of USA Pears.

Opportunities in Your Market for Specific Varieties, Sizes, and Grades:

For the 2024-25 season, Red Anjou and Green Anjou have the best chance of being imported, with the most popular grade being US#1 with size 70/80.

Update on the Competition in the Market:

Chinese consumers still favor the crisp domestic pears. Regarding imported pears, European pears with 10% tariffs and southern hemisphere pears with zero tariffs put sales pressure on USA Pears.

Political or Economic Issues Impacting Imports, Retail, or Consumer Behavior:

Despite the overall rebound of the Chinese economy, domestic consumption and investment demand recovered relatively slowly.

Other Brief Comments:

-