The trouble in China interferes with the canned oranges

Buyers are reluctant to take positions in the market because there is almost no definite pricing.

A Chinese canned orange buyer confirmed that China's canned products had not yet been reported for production because it would start at the end of this month and production could be started in November.

He observed a decrease in output in Shandong. This area mainly provides high-end brands in the Japanese market. Orange production in Hubei and Hunan is said to be good in quantity but poor in quality because the fruit shape is very small. An American industry stressed that orange production in Hunan is particularly good.

It is difficult to determine whether production will be short, as the industry has said, similar to last year. The main factor is that the factors that determine the production of canned oranges this year are not only related to the supply of raw materials, but also to the amount of credit given to Chinese manufacturers.

An American importer told Success food that China had no capital to face production costs and would only contract production. This is also confirmed by German buyers. Today, second American buyers told Success food that some manufacturers were required to pay 30% of the total cost of the previous production.

The US buyer from the Pacific coast reminded us, "who will pay so much money to China?"

Buyers from the east coast of the United States observed: "if buyers postpone orders, China will not produce any oranges."

The German industry envisaged that fewer manufacturers will produce the European market, although he points out that, in fact, most supermarkets need social and sustainable certification to reduce the number of qualified suppliers in China.

The German pointed out that "no order, China will not produce, they usually produce more than the amount stipulated in the contract to speculate." This time there will be no inventory.

The main feeling of the market is that prices will remain at a similar level last year.

The east bank importers point out that "they can't raise their prices because no one will buy it," and added that they can't reduce the price because they need to take the cost and repair their financial situation.

One insider pointed out that the recent devaluation of the renminbi against the dollar could ease manufacturers' difficulties but not completely offset the rise in cost from labor to cost.

The American buyer on the Pacific coast has commented today that he bought 24 x11oz 5% broken oranges at the Sial fair, with a price of $7 per box of FOB FOB.

According to Success food data, last year, the same products were flocking between 7.20 --7.50 FOB per case. The industry pointed out that he bought the same product specifications in September, and the existing warehouse had 6.20 dollars in spot shipment. Success food records show that at least in 2013 and 2014, there was an old stock price of about $6.5 and $6.25 per box at FOB for two months in October and November. A German industry commented that in 2015 China could speculate in stocks, but he lamented that it would not happen this year.

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