Report Information - Report Name: Apple Industry Daily Report 2025 - 11 - 20 [1] - Researcher: Wang Cuibing [2] - Futures Practitioner Qualification Number: F03139616 [2] - Futures Investment Consulting Practitioner Certificate Number: Z0021556 [2] 1. Report Industry Investment Rating - No information provided 2. Core View - As the apple storage process is not yet finished and is currently in the peak storage period, the volume of farmers' apple supplies going into storage has significantly increased. In the Shaanxi region, the storage and shipment processes are happening simultaneously, with the storage process almost complete. There is a small amount of external - sourced apples being shipped back to Luochuan, and some merchants are transferring locally - sourced low - price apples for storage, resulting in a relatively small overall shipment volume. In the sales market, there is good enthusiasm for purchasing high - quality apples. With the upcoming stocking period for Christmas and New Year's Day, the apple futures price is expected to remain high in the short term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the apple futures main contract is 9496 yuan/ton; the position of the main contract is 140787 hands, with an increase of 16254 hands. The net long position of the top 20 futures holders is 9165 hands, with an increase of 293 hands [2] 3.2 Spot Market - The spot price of apples in Gansu Jingning (paper - bagged, above 75) is 5.25 yuan/jin; in Shandong Yiyuan (paper - bagged, above 75) is 2.6 yuan/jin; in Shaanxi Luochuan (paper - bagged, above 70 semi - commercial) is 4.2 yuan/jin; in Shandong Yantai Qixia (paper - bagged, above 80, first - and second - grade fruit farmers' goods) is 4 yuan/jin, all with no change [2] 3.3 Upstream Situation - The annual apple production in China is 5128.51 million tons, with an increase of 168.34 million tons [2] 3.4 Industry Situation - The weekly apple wholesale price is 9.43 yuan/kg, with a decrease of 0.06 yuan/kg; the average weekly wholesale price of Fuji apples is 9.12 yuan/kg, with an increase of 0.08 yuan/kg. The total weekly inventory in national apple cold storage is 65.82 million tons. The weekly capacity utilization ratio of Shandong apple cold storage is 0.54, with an increase of 0.03; that of Shaanxi is 0.59, with a decrease of 0.01. The monthly apple export volume is 70000 tons, with no change. The monthly import value of fresh, dried fruits and nuts is 1837980 million US dollars, with an increase of 248684.5 million US dollars. The monthly year - on - year growth rate of apple export value is - 8.5%. The weekly profit of first - and second - grade paper - bagged 80 apple storage merchants is 0 yuan/jin, with no change [2] 3.5 Downstream Situation - The weekly wholesale price of pears is 6.67 yuan/kg, with an increase of 0.01 yuan/kg; the weekly wholesale price of bananas is 5.56 yuan/kg, with an increase of 0.2 yuan/kg; the weekly wholesale price of watermelons is 5.34 yuan/kg, with a decrease of 0.05 yuan/kg. The average daily number of incoming trucks in the morning at the Guangdong Jiangmen wholesale market is 12.2, with no change; at the Guangdong Xiaqiao wholesale market is 16, with a decrease of 1; at the Guangdong Chalong wholesale market is 23.8, with a decrease of 0.2 [2] 3.6 Option Market - The implied volatility of at - the - money call options for apples is 21.81%, with a decrease of 1.43%; the implied volatility of at - the - money put options for apples is 21.81%, with a decrease of 1.43% [2] 3.7 Industry News - As of November 19, 2025, the total inventory in apple cold storage in major producing areas in China is 773.16 million tons, with an increase of 8.92 million tons compared to last week. The capacity utilization ratio of Shandong apple cold storage is 54.29%, with an increase of 3.02%; that of Shaanxi is 59.10%, with a decrease of 0.34%. The storage of new - season late - maturing Fuji apples is almost complete, and the remaining inventory is mainly concentrated in places like Qixia, Shandong. The ground - level trading in the Shandong producing area is coming to an end [2]

Core Viewpoint - The upcoming 2025 Deqing Gonggan Carnival, scheduled from November 22 to 28, aims to celebrate and promote the Deqing Gonggan, a historically significant citrus fruit recognized as a national geographical indication product, inviting guests to experience its rich cultural heritage and agricultural bounty [5][6][18]. Group 1: Event Details - The 2025 Deqing Gonggan Carnival will take place from November 22 to 28, featuring various activities to showcase the Gonggan fruit [5][6]. - The event will include business negotiations with representatives from supermarkets and agricultural enterprises, highlighting the appeal of Deqing Gonggan [42][43]. - Activities such as the selection of "Deqing Gonggan Image Ambassador," music performances, and local food exhibitions will be part of the carnival [44][46]. Group 2: Cultural and Historical Significance - Deqing Gonggan has a rich history, being cultivated since the Tang Dynasty and recognized as a tribute fruit during the Song Dynasty [17][18]. - The fruit is celebrated for its unique flavor profile, combining the crispness of oranges and the sweetness of pomelos, making it a seasonal delicacy [11][12][18]. Group 3: Economic Impact and Brand Development - The brand value of Deqing Gonggan has surpassed 10.8 billion yuan, positioning it as a model for agricultural industry development in the province [20]. - The local government is implementing the "Hundred-Thousand-Ten Thousand Project" to enhance the quality and efficiency of the Gonggan and other agricultural products [19][20]. - The integration of agriculture, technology, culture, and tourism is being promoted to strengthen the brand and market presence of Deqing Gonggan [26][40]. Group 4: Marketing and Promotion Strategies - The "Media+" initiative is being utilized to enhance the marketing of Deqing Gonggan, with plans to announce promotional activities during the carnival [36][37]. - The "I Have a Gonggan Tree in Deqing" adoption program has been ongoing for five years, allowing consumers to engage directly with the product and its heritage [26][29]. - The establishment of an international procurement center for citrus fruits aims to expand the market reach of Deqing Gonggan, successfully exporting to countries like Malaysia and Germany [22][23].

Core Viewpoint - The harvest of the Majia pomelo in Jiangxi's Guangfeng District is contributing significantly to local farmers' income and is recognized as a key element in rural revitalization efforts [1][3][5]. Group 1: Industry Overview - The Majia pomelo, a red-fleshed variety, is primarily produced in Guangfeng District, Shangrao City, Jiangxi Province, and is one of China's eight major pomelo varieties [1][3]. - The "Wanqi Xing Wan Village" demonstration base showcases standard orchards of Majia pomelo, which are currently full of ripe, golden fruits ready for harvest [1][3]. Group 2: Economic Impact - The cultivation of Majia pomelo is not only enhancing the income of local farmers but is also being hailed as the "golden fruit" for rural revitalization [1][3][5]. - Farmers are actively engaged in the harvesting process, indicating a robust agricultural activity in the region [1][3][5].

11月13日，眉山市彭山区黄丰镇团结村，村民们在考农业无人机飞手证。 村企合建的柑橘分选基地内，工作人员分拣新采柑橘，同步通过网络直播带货。记者 韦维 摄 "不急！"进入11月，川内各类柑橘陆续上市，眉山市彭山区黄丰镇团结村党委书记马怀江脸上却丝毫不慌， 还抽空组织村民考农业无人机飞手证。 眼下，团结村报名无人机飞手培训的种植大户有10多位，时常聚在村委会专心学习。面对"园里果子怎么 办"的疑问，他们也笑着摆摆手道："不用担心。" 为何不慌？记者在村里实地调查后发现，不仅因为团结村柑橘上市晚，村民们还有绝招。 搞好农业基建 "走，去果园看看。"飞手考试一结束，马怀江便热情邀请记者实地参观果园。走在村中，路边的柑橘触手可 及。 "这种'触手可及'是精心规划的结果！"马怀江介绍，如今村里绝大部分果园地块都实现了与村中马路无缝对 接；而对于面积较大或地势特殊的果园，则配备了承重300公斤的轨道运输车。"周密布局，最终是为了在丰收时 节让每一颗柑橘都能高效、顺畅地运往市场。" 还有更精巧的设计。驻足在一棵果树下，马怀江拨开树根处的落叶，露出一截黑色管道。"村里耗时近5年建 成水肥一体化系统，可实现对每棵果树精准灌溉。 ...

Core Viewpoint - Apple futures prices have been rising since October, with a cumulative increase of approximately 900 yuan/ton, driven by concerns over reduced production and quality for the 2025/2026 season [2] Supply Side Analysis - Adverse weather conditions in key production areas such as Henan, Shaanxi, and Shandong have negatively impacted apple yield and quality, leading to a significant decline in new season apple production, estimated at 34.23 million tons, down 3.12 million tons from the previous season [2][4] - The national cold storage inventory ratio is approximately 55.87%, a decrease of 7.52 percentage points year-on-year, with total inventory at 7.36 million tons, down 12.13% from last year [4] Demand Side Analysis - There is a strong demand for high-quality apples, with traders actively purchasing from regions with low inventory, particularly in Gansu [3][4] - The market is experiencing a price disparity based on quality, with small apples seeing price increases due to demand from foreign trade and speculative buyers [3] Market Trends - The apple market is expected to maintain high prices in the short term, especially as winter approaches, which is a peak consumption season for apples [4][5] - The pricing logic for apple futures is shifting from supply-driven to consumption-driven as the harvest season progresses, indicating potential volatility in future pricing [5]

侯芝芳表示，目前苹果库外交易主要集中在山东，甘肃地区开始库内交易，陕西地区有零星的库外交易，整体价格延续同比上涨的表现，产区入库进入尾 声，库存峰值进入兑现期。从消费端来看，增量驱动不足，消费面临压力。 黎静宜表示，从供应端来看，根据卓创资讯数据，截至2025年11月13日，全国冷库库存比例约为55.87%，较去年同期降低7.52个百分点。库存量为735.77 万吨，较去年同期下滑12.13%。库存结构方面，一、二级优质好货占比普遍较少，统货和三级果占比较高。从需求端来看，客商对好货的采购积极性较 高。山东产区冷库优质好货及部分中小果开始出库，中小果成交价格明显高于库外收购价。近期陕西产区逐渐进入库内交易阶段，冷库同质量的果农货成 交价格高于库外货源收购价。综合来看，客商对不同质量的货源采购积极性出现分化，大小果价差短期可能难以收敛。 自10月以来，苹果期货价格震荡上行，累计上涨约900元/吨。 方正中期期货苹果研究员侯芝芳认为，近期的期货价格走势集中反映了市场对2025/2026产季苹果减产、质量下降的担忧。今年苹果产区受不利天气扰动 较多，生长期河南、陕西、山东等地区遭遇了干旱天气，收获期又遭遇了持续阴雨 ...

新疆的水果大概率不会让人失望，那句广为流传的歌谣怎么唱来着—— "吐鲁番的葡萄、哈密的瓜，阿克苏的苹果人人夸！" 入秋以来各种苹果争相上市，但一个个挨着尝过后，不得不承认， 11月姗姗来迟的阿克苏，味道属实 让人心动！ 这几年中国果业流传这样一句话， 中国苹果看新疆，新疆苹果看阿克苏 。 很多人都在问，何为正宗的阿克苏苹果？红旗坡六队®阿克苏苹果的优势究竟在哪里？ 阿克苏地区的苹果究竟哪里的正宗呢？ 如果说阿克苏苹果是中国苹果的皇冠， 那么红旗坡六队苹果就是皇冠上的那颗耀眼的明珠！ 今年我们凰家尚品的团队， 2025 年第五次来到了新疆阿克苏地区的阿克苏苹果核心钻石产区：红旗坡 六队，为粉丝们找到正宗阿克苏苹果。 $\frac{\ln\frac{1}{\ln}\sum_{i=1}^{\infty}\ln(\ln i)\ln\frac{\ln i}{\ln i}}{\ln\frac{\ln i}{\ln i}\sum_{i=1}^{\infty}\ln(\ln i)\ln i}$ . ▼ 如果你没有吃过红旗坡六队正宗阿克苏苹果，那么我只能遗憾地告诉你，你可能之前只是吃了个寂寞。 红旗坡六队®的阿克苏苹果 究竟有 ...

百年老树成就亿元产值 一颗雪梨如何链就富民"梨"想？ 中新网丽水11月18日电(胡丰盛)在浙西南的青山绿水间，一颗颗硕大金黄的云和雪梨，不仅承载着近 600年的栽培历史，更寄托着山区百姓致富的"梨"想。 从昔日的"养在深闺"到如今的"富民金果"传奇，云和雪梨产业走过了一条怎样的振兴之路？近日，中新 网走进云和县，循着梨园的芬芳，探寻这颗"梨中霸王"如何成为撬动城乡共富的"金钥匙"。 百年积淀从"有年头"到"有盼头" 作为浙江省"三大名梨"之一，云和雪梨最大果可达5斤以上，两次获评"中华名果"。云和雪梨的栽培史 可追溯至明朝景泰年间，规模化、品牌化则始于二十世纪初，经云和人魏兰引技改良后远销温州等地， 留下了"梨行"林立的繁华记忆。直至今日，"梨园路""梨树坪""上梨坑"……无不印证着雪梨与这座山城 的血脉相连。云和县域内仍存数百株百年古梨树及"拜梨贴"等非遗活动。 曾几何时，云和曾因品种老化、管理粗放，导致村民"守着金梨树过穷日子"，村民被迫外出务工，山庄 一度陷入困境。 "随着梨园重拾，老梨树进行品种改良、优化等行动，我们提高了雪梨的品质和产量。"云和县农业农村 局副局长杜烨介绍，现如今，云和雪梨的口碑重新 ...

海外媒体"探秘"广西山区变迁：在文化共鸣中汲取发展智慧 11月14日至16日，来自泰国、柬埔寨等15个国家和地区的21家海外媒体代表走进广西河池市，深入了解 其在文旅和农业等方面的发展成就，感受广西山区变迁。 在走访期间，缅甸未来新闻社副总编辑梁玉华跟当地壮族歌手郭桂英学唱山歌。亲身体验后她表示，山 歌是广西极具特色的文化符号，能以悠扬旋律将生活点滴与细腻情感娓娓道来。 在走访罗城仫佬族自治县天河镇的千亩百香果基地时，老挝国家广播电台节目主持人马诺利·科昆博里 萨克在详细了解基地种植模式与发展情况后表示，百香果在老挝同样家喻户晓，若能借鉴中国这一大型 农场的规模化种植经验，大力发展百香果产业，将有效减少老挝贫困人口数量，助力贫困家庭脱贫增 收。 从悠扬山歌里的文化共鸣，到百香果基地中的发展启示，再到沉浸式体验里的文明交融，海外媒体人三 天的广西河池之旅，既是一次见证山区蜕变的探索之旅，更是一场跨越国界的文化对话与经验共享。当 特色文化以更鲜活的方式传递，当发展智慧以更开放的姿态交流，文明的纽带愈发坚韧，共赢的未来愈 发清晰。广西这片充满活力的土地，正以独特的魅力，书写着更多联结中外、共促发展的动人故事。 (陈 ...

广西合浦：火龙果基地灯光璀璨【5】 广西合浦：火龙果基地灯光璀璨 广西合浦：火龙果基地灯光璀璨【2】 广西合浦：火龙果基地灯光璀璨【3】 广西合浦：火龙果基地灯光璀璨【4】 ...