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INTERNATIONAL MARKET REPORT

11/27/2024

CHINA

MARKET PULSE

CURRENT EXCHANGE RATE: 7.25
CHANGE FROM LAST MONTH: +1.79%
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:

1.A new importer, Shanghai Yan Guo Fresh Fruit Co., Ltd. has started importing Belgian and South African pears. They will not import USA pears for the time being due to the current uncertainty of trade between China and the United States. 2.Joy Wing Mau has yet to receive any quotes from exporters on USA pears, and they are concerned about the tariff policy afterward. If JYM does not receive the quote by December 10, they will consider imports more carefully for this season. 3.Sam's Club is still waiting to hear back from the U.S. procurement office about the order, but they will suspend imports if China imposes additional retaliatory tariffs.

Expectations for Any Freight or Logistics Challenges:

N/A

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

US1 Green Anjou and Red Anjou with size 70-80

Update on the Competition in the Market:

1.Two containers of the Belgian Conference arrived in China. The quality was acceptable with decreased wholesale prices and a fine movement. 2.Four containers of the Dutch Conference arrived in China. The quality was acceptable with stable wholesale prices and a fine movement. 3.Ten containers of South African Forelle arrived in China. The quality was acceptable with slightly increased wholesale prices and a fine movement. 4.Domestic pears were in full swing, with varieties of Fragrant Pear, Autumn Moon Pear, Housui Pear, Ya Pear, Snowflake Pear and Crown Pear. The quality levels varied with stable wholesale prices, and the movement was acceptable or fine.

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

After the U.S. election, Chinese importers became highly concerned about the Chinese government's countermeasures after the U.S. further increased tariffs on Chinese goods. Secondly, the dollar's exchange rate against the renminbi has begun to rise again after a short period of decline, keeping the cost of imports high and posing an equally big challenge to consumers in the still nascent recovery of China's economy.

Other Brief Comments:

N/A

USA PEARS: RETAIL PRICING, SIZES, AND GRADES

PRICE RANGE (per lb)
SIZE RANGE
anjou
$0 $0.00 $0.00 $4.50
150 120 100 80 60
GRADES FOR ALL VARIETIES
  • US1: %
  • Fancy: %
  • 3rd Grade: %

COMPETITION: RETAIL PRICING AND SIZES

PRICE RANGE (per lb)
SIZE RANGE
COUNTRY
Conference
$0 $2.25 $3.00 $4.50
150 120 100 80 60
Belgium
Conference
$0 $2.25 $2.88 $4.50
150 120 100 80 60
Holland
Forelle
$0 $1.63 $2.25 $4.50
150 120 100 80 60
South African
Fragrant pear
$0 $0.75 $1.63 $4.50
150 120 100 80 60
China
Autumn Moon pear
$0 $1.25 $1.75 $4.50
150 120 100 80 60
China