Oranges are one of the most important products in the Chinese market. The domestic production of oranges declined between January and March 2019, which provides an interesting commercial opportunity for Egyptian Navel oranges.
The orange market is in constant permutation. The overall supply volume continues to grow. Small and large companies constantly purchase oranges. But from the middle of March the orange market slowed down. The market is quite weak, with prices between 65 and 85 yuan [9.68-12.65 USD]. The supply volume from refrigerated storage also continues to grow.
However, the middle of March is also when the flavor of oranges improves. It is a peak period of orange supply. Several companies with years of experience in the industry purchase large volumes of oranges in the hope that prices will improve between April and July.
Supply and demand is not in balance in today's orange market. Furthermore, the weather is still gloomy and cold. True spring has not yet arrived. The entire market is depressed. Some people in the industry say that the prospects for Egyptian oranges in this market are not great, and their supply season will come to an end in June and July.
Source :- Freshplaza.com
