The fastest container only took one hour and 58 minutes to reach the Jiangnan Wholesale Market in Guangzhou.
At the beginning of the week there was still little fruit on the markets, with ships delayed, but from December 22nd this situation changed, with the arrival of HMM Blessing and other vessels; 5 ships arrived with a total of 2,542 containers. In the last 3 days of week 51, an average of 200 containers were opened daily in the Guangzhou market, with good movement around 70-80%.
Previously, openings in this market fluctuated between 60 and 110 containers per day, at most.
The movement was good, around 70% daily. There have been no major quality problems with the fruit and sellers are pushing to maintain a good rotation of the product as more ships arrive. Thus, the volume effect was felt and as a reference we can mention, in general, that from the beginning to the end of the week, prices fell, for example, between RMB 50 to 100 yuan for a 5-kilo box.
The expectation is around how the market will behave in the next two weeks, which are key to maintaining the price; prices should rise two weeks before the Chinese New Year, when demand will reach its peak.
There are very few air arrivals and the same variety and format were not making more than 50-100 yuan difference.
Last week, there were many COVID infections in China, with figures that caused alarm, but the country continues to relax sanitary measures, having already announced the elimination of quarantines for international travelers. By the way, the rise in infections has impacted the markets, in fact at the beginning of the week it was noticeable due to the lack of buyers, but the impression of importers and wholesalers is that it will not have a major impact.
For week 52, 4 new vessels with cherries are expected to arrive.
Kota Loceng, Caroline Maersk, Manzanillo Express, Lady Rorse Bud with a total of 2,453 containers. Manzanillo stands out with 1,235 containers eq. and C. Maersk with 772 containers.
Regarding the main varieties arrived, Santina heads the list, followed by Royal Down and Lapins.
