Official harvest start announced
Although domestic demand on the shine skin market has picked up steadily in recent weeks, it is not enough to drive prices up. There is still so much left of the old crop that a large quantity has to be taken into the new season as carry-over stocks. The harvest start has now been officially set for 20 August and market players are expecting an opening price of CNY 18.5/kg. This seems a reasonable price considering that the cost of production for growers is CNY 15/kg.
Price increases are likely