Economy
Apple prices surge pleases growers, angers consumers
(Xinhua)
Updated: 2010-11-01 10:37
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JINAN - While price hikes of Apple products affect only fans of smartphones and computers, the recent price hikes of apples, the eating kind, has caused concerns among more than one billion people in China.
The prices of apples rose to an unprecedented high in late October, which has boosted the incomes of the nation's apple planters, but added financial pressures to domestic consumers as China's inflation rate recorded a 23-month record high in September.
"Despite it being the harvest season, the average purchase price of apples increased by 1.6 yuan (24 US cents) to 2 yuan to about 6.3 yuan to 6.6 yuan per kilogram. This has been rarely seen in my 30-year experience in apple marketing," said Yu Zhaojiang, a fruit trader.
Yu operates a fruit trading company from Yantai, a port city in east China's Shandong province, one of the nation's major apple growing bases.
Retail prices for apples of premium quality have even reached 15 to 20 yuan per kilogram in supermarkets in China's largest cities, such as Beijing and Shanghai.
Indeed, data collected by Xinhua indicate that, nationwide, retail prices of apples have surged more than 20 percent year-on-year as of Oct 25.
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An online poll surveying 23,622 people, launched by China's portal website Sina.com.cn reported Sunday that 81.4 percent of the respondents said soaring apple prices have brought "significant effect" to their lives.
However, it is not all bad news since higher prices have been warmly greeted by apple growers in Shandong.
This year's incomes will doubled thanks to the soaring prices, said Yu Shiyong, a farmer from Er'jiacun village in Yantai, who was busy picking apples to avert possible losses brought on by the looming cold weather. Yu plants 4 mu (0.27 hectares) of apples, with total output standing at 10,000 kilograms per year.
Gong Juncai, who plants 3 mu of apples in Weihai, another coastal city in Shandong, said he will pocket 20,000 yuan in net income this year, up at least 5,000 yuan from last year.
Further, revenues generated from growing apples in Yantai's Guanshui township are set to increase by 300 million yuan from 2009, said Dong Ruilin, deputy secretary of the Guanshui Township Committee of the Communist Party of China (CPC).