农产品日报：早熟果返青，销区库存果走货转好-20250807

Report Industry Investment Ratings - Apple: Neutral [4] - Red Dates: Neutral Bullish [9] Core Views - Apple: The market trading atmosphere is general, the inventory removal speed is slow, the price is gradually polarized, and the new - season fruit bagging quantity is slightly lower than the previous season. The follow - up needs to focus on various factors such as the price trend of early - maturing fruits and the sales of competing fruits [2][3] - Red Dates: The second and third batches of flowers in the main production areas have good fruit setting, and the reduction in production is less than expected. The market has different views on the new - season output, and attention should be paid to weather changes and market inventory [7][8] Market News and Important Data Apple - Futures: The closing price of the Apple 2510 contract was 7,915 yuan/ton, up 56 yuan/ton or 0.71% from the previous day [1] - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 3.80 yuan/jin, unchanged from the previous day; the price of over 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.50 yuan/jin, unchanged from the previous day [1] Red Dates - Futures: The closing price of the Red Dates 2601 contract was 10,980 yuan/ton, up 110 yuan/ton or 1.01% from the previous day [5] - Spot: The spot price of first - grade grey dates in Hebei was 9.20 yuan/kg, unchanged from the previous day [5] Market Analysis Apple - The futures price rose. The new - season fruit bagging was completed, and the bagging quantity was slightly lower than the previous season, which may support the opening price of late - maturing Fuji. The inventory removal of Fuji in production and sales areas was slow, the price was polarized, and the overall price decreased. The inventory was at the lowest level in the same period in the past five years. Competing fruits had a strong substitution effect, and the price of early - maturing fruits was weak [3] Red Dates - The futures price rose. The second and third batches of flowers in the production areas had good fruit setting, and the reduction in production was less than expected. The market had different views on the new - season output. The total inventory in the sales areas was at a high level in recent years, and the price of high - quality goods rose [8] Strategies Apple - Maintain a neutral attitude. If terminal consumption remains weak, it is more likely that the spot price will remain stable and weak [4] Red Dates - Be neutral and bullish. The news from the production areas has a greater impact on the futures market. The market may run strongly in the future, and attention should be paid to the growth of new - season red dates [9]