Core Insights - The article highlights the harvesting season of high-quality red dates in the Uytian County, located at the edge of the Taklamakan Desert, emphasizing the unique climatic conditions that contribute to the fruit's quality [1][14]. Group 1: Harvesting Process - The red date trees in the region are 14 years old and currently in their peak production phase, with an average yield of 300 kilograms per acre, expected to increase to 400 kilograms per acre by 2025 [3]. - The harvesting method involves allowing the dates to naturally dry on the tree, enhancing sweetness and making them easier to store and transport [6]. - Farmers use a technique of shaking the branches to collect fallen dates, ensuring the fruit remains undamaged due to the soft sandy soil [9]. Group 2: Processing and Market - After collection, dates are sorted using various tools to separate them from leaves and dirt, followed by drying, cleaning, and packaging for both processing into snacks and direct market sales [11]. - The region has developed a complete industrial chain from planting to deep processing and sales, increasing the added value of red dates and providing local employment opportunities [18]. Group 3: Economic Impact - The unique geographical conditions not only favor red date cultivation but also contribute to ecological benefits such as windbreaks and soil stabilization [16]. - By 2025, the planting area for red dates in the Hetian region is expected to exceed 760,000 acres, with an anticipated production of over 210,000 tons and a market value exceeding 1.5 billion yuan [18].

Report Overview - The report is a daily report on the jujube industry dated October 29, 2025 [1] Industry Investment Rating - Not provided Core Viewpoints - The supply - side pressure in the jujube market will gradually emerge, and the probability of jujube prices continuing to decline increases. Attention should be paid to the mainstream purchase price and quality of new jujubes [2] Summary by Directory Futures Market - The closing price of the jujube futures main contract is 10,495 yuan/ton, with a ring - growth of 80 yuan/ton. The main contract's open interest is 184,472 lots, a decrease of 1,088 lots. The net long position of the top 20 futures holders is - 7,079 lots, an increase of 2,397 lots. The number of warehouse receipts is 0, and the total valid warehouse receipt forecast is 0 [2] Spot Market - The prices of jujube in different regions are as follows: the price of Kashgar jujube bulk goods is 7.5 yuan/kg; the wholesale price of Hebei first - grade gray jujube is 4.8 yuan/jin; the price of Alar jujube bulk goods is 7.15 yuan/kg; the wholesale price of Henan first - grade gray jujube is 4.75 yuan/jin; the price of Aksu jujube bulk goods is 6.75 yuan/kg; the price of Henan special - grade jujube is 10.5 yuan/kg; the price of Hebei special - grade jujube is 10.48 yuan/kg, a decrease of 0.07 yuan/kg; the price of Guangdong special - grade jujube is 11.6 yuan/kg; the price of Guangdong first - grade jujube is 10.6 yuan/kg [2] Upstream Market - The annual jujube output is 6.069 million tons, an increase of 3.187 million tons, and the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2] Industry Situation - The national jujube inventory is 9,103 tons, an increase of 94 tons compared to last week, a month - on - month decrease of 1.04%, and a year - on - year increase of 109.22%. The monthly jujube export volume is 2,283,671 kg, a decrease of 81,222 kg. The cumulative monthly jujube export volume is 23,548,402 kg, an increase of 2,283,671 kg [2] Downstream Situation - The cumulative sales volume of Hao Xiang Ni's jujubes is 36,480.43 tons, and the cumulative year - on - year production growth rate is 1.47%. The cumulative sales volume of Hao Xiang Ni's jujubes decreased by 2,981.06 tons, and the cumulative year - on - year sales growth rate decreased by 34.59% [2] Industry News - The mainstream prices of jujube bulk goods in different regions are: 6.50 - 7.00 yuan/kg in Aksu, 6.80 - 7.50 yuan/kg in Alar, some guaranteed prices in Kashgar are 7.50 yuan/kg, 8.50 - 10.00 yuan/kg in Ruoqiang, 8.00 - 8.50 yuan/kg in Hotan, and 7.50 - 8.50 yuan/kg in Qiemo. The procurement in Hotan and Qiemo is almost finished, and the raw material procurement in the production area is based on quality, following the principle of high - quality products at high prices [2] Viewpoint Summary - As of October 23, 2025, the physical inventory of 36 sample points of jujubes this week is 9,103 tons, an increase of 94 tons compared to last week, a month - on - month decrease of 1.04%, and a year - on - year increase of 109.22%. The new - season jujubes have not been concentratedly picked, but inland jujube merchants have gone to the production areas to purchase goods. Some merchants are actively ordering new - season raw materials, while some are purchasing old jujubes [2]

Core Points - The "Jiangpin Southbound, Yuepin Northbound" red date order meeting held in Qianhai Town, 45th Regiment, achieved a record signing of 25,000 tons of red dates [2][4][24] - A total of 16 companies expressed clear purchasing intentions, with 5 companies signing purchase agreements on-site [3][4] Group 1 - The signing ceremony included representatives from five companies, with the total purchase volume accounting for approximately 45% of the local red date processing total [7][8] - The red date industry in Qianhai Town is deeply connected with market demand, injecting strong momentum into local industry development [8][24] - Qianhai Town has established a complete red date industrial chain, with three core processing enterprises and nine modern production lines, achieving an annual processing capacity of 55,000 tons [12][13] Group 2 - The "Jiangpin Southbound, Yuepin Northbound" initiative has been continuously promoted, facilitating the connection between local products and larger markets [17][20] - The initiative has helped local products gain market recognition through various promotional activities, including participation in urban landmarks and exhibitions [19][20] - The 45th Regiment plans to leverage the logistics network of the Greater Bay Area to sell red dates nationwide and attract quality enterprises and processing technologies from Guangdong [20][21] Group 3 - The event aims to create a "National Hanhai Date Town," with plans to achieve a deep processing output value of over 500 million yuan within three years, creating 2,000 jobs [23][24] - The signing of 25,000 tons is seen as a starting point for further promoting red dates and other specialty products from Xinjiang to larger markets [25][26]

Core Viewpoint - The article highlights the significance of San Shi red dates as a reliable agricultural product that plays a crucial role in supporting the local economy and enhancing the livelihoods of farmers in the region [4][10]. Group 1: Agricultural Impact - San Shi red dates are cultivated over an area of 320,000 acres, with 58,000 acres in the He Dong Town of the 48th Regiment [8]. - A framework agreement was signed for the purchase of 35,000 tons of red dates during the 2025 Harvest Festival in the Third Division of Tumushuke City [9]. - The stable output and large-scale production of red dates support numerous households, reflecting their value in rural revitalization [10]. Group 2: Versatility and Processing - San Shi red dates are versatile in culinary applications, being used in soups, desserts, and modern processed products like concentrated juice and date wine [13][15]. - Their adaptability and appeal make them a trusted "golden supporting role" in every household [16]. Group 3: Quality Control and Standards - The production of San Shi red dates adheres to strict quality standards, resulting in uniform, plump fruits with a consistent appearance [19][20]. - The establishment of the San Shi Red Date Research Institute provides a solid scientific foundation to ensure high-quality products from farm to table [22][23]. - The meticulous management practices are reflected in the standardized production processes, contributing to the overall quality of the red dates [25][26].

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The current jujube market is at a critical juncture between the old and new seasons, with prices in the sales areas showing small fluctuations. The jujubes in the main production areas have not been harvested on a large scale yet, and it is expected to start after the frost. It is necessary to pay attention to the acquisition progress and price changes. The inventory of sample points continues to decline. Some merchants are actively selling inventory to prepare for the new - season acquisition. As the weather turns cooler, the downstream purchasing enthusiasm has increased, and the market trading atmosphere has improved. It is expected that the jujube market will fluctuate within a certain range in the future [2] Group 3: Summary by Related Catalogs Futures Market - The closing price of the jujube futures main contract is 11,380 yuan/ton, with a decrease of 5; the main - contract position is 187,830 lots, an increase of 7,788. The net long position of the top 20 futures holders is - 12,544 lots, a decrease of 3,821; the number of warehouse receipts is 0, with no change. The total number of valid warehouse - receipt forecasts is 0 [2] Spot Market - The unified - grade jujube price in Kashi is 6 yuan/kg, with no change; the first - grade grey jujube wholesale price in Hebei is 4.75 yuan/jin, with no change. The unified - grade jujube price in Alar is 5.2 yuan/kg, with no change; the first - grade grey jujube wholesale price in Henan is 4.75 yuan/jin, with no change. The unified - grade jujube price in Aksu is 4.8 yuan/kg, with no change; the special - grade jujube price in Henan is 10.5 yuan/kg, with no change. The special - grade jujube price in Hebei is 10.64 yuan/kg, a decrease of 0.05; the special - grade jujube price in Guangdong is 11.6 yuan/kg, with no change. The first - grade jujube price in Guangdong is 10.6 yuan/kg, with no change [2] Upstream Market - The annual jujube output is 3.187 million tons, and the planting area is 1.993 million hectares, a decrease of 4.1 [2] Industry Situation - The national jujube inventory is 9,009 tons, a decrease of 158 tons; the monthly jujube export volume is 2,283,671 kg, a decrease of 81,222 kg. The cumulative monthly jujube export volume is 23,548,402 kg [2] Downstream Situation - The cumulative quarterly sales volume of Hao Xiang Ni's jujubes is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative quarterly year - on - year production growth rate is 1.47%, a decrease of 34.59% [2] Industry News - In the Cui'erzhuang market in Hebei, 5 trucks of jujubes arrived at the parking area, and the prices remained stable. Some raw materials from Hetian Qiemo area have arrived in the Hebei market, with the reference price of special - grade raw jujubes at 10.40 yuan/kg and first - grade at 9.40 yuan/kg. In the Ruyifang market in Guangdong, 1 truck of jujubes arrived, and the prices remained stable [2]

Core Viewpoint - The article emphasizes the significance of San Shi red dates in the autumn and winter health regimen of Guangdong residents, highlighting their versatility and nutritional benefits [3][26]. Group 1: Product Characteristics - San Shi red dates are primarily composed of gray dates and winter dates, with gray dates having a high sugar content of over 65% when dried, and winter dates being crispy, juicy, and sweet [13][14]. - The unique "natural drying on the tree" method preserves the nutritional value of the red dates, appealing to the discerning tastes of Guangdong consumers [15][16]. Group 2: Agricultural Background - The average annual sunlight in Tumushuke City exceeds 2800 hours, with a temperature difference of 15°C between day and night, contributing to the high quality of red dates [9][10]. - In 2024, the planting area for red dates in Tumushuke is expected to reach 335,700 acres, indicating an increase in both quality and recognition of the product [11]. Group 3: Market Strategy - The third division of Tumushuke City is optimizing its industrial structure by extending the red date planting, processing, and sales chain, focusing on quality, branding, and market expansion [18][19]. - The "Xinjiang products southward, Guangdong products northward" initiative is facilitating the distribution of San Shi red dates to major cities in the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing local income [20][21][24]. Group 4: Consumption and Availability - San Shi red dates can be consumed directly, used in sweet soups, or added to nourishing soups, making them a staple for health-conscious consumers in Guangdong [26]. - Various offline experience centers are established in cities like Guangzhou, Foshan, and Dongguan, providing direct access to San Shi red dates for consumers [28][31][33].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The growth of new - season jujubes in the main producing areas is relatively better than the same period last year. Affected by the solar terms, the new jujubes are expected to be harvested about one week earlier than last year. Inland merchants will go to the producing areas around the holiday to prepare for the new season. Currently, the signed volume is small, and the jujubes have not been harvested yet. Attention should be paid to the purchase price of new jujubes. - As of October 9, 2025, the physical inventory of 36 sample points of jujubes this week is 9167 tons, a decrease of 36 tons from last week, a month - on - month decrease of 0.39% and a year - on - year increase of 93.89%. The sample point inventory has decreased slightly. - During the double festivals, the arrival volume in the sales area market was small. Affected by the holiday sentiment and rainfall, the purchasing enthusiasm of customers was average. For the Zhengzhou jujube 2601 contract, short - term wait - and - see is recommended. [2] 3. Summary by Directory 3.1 Futures Market - The closing price of the futures main contract of jujubes is 11105 yuan/ton, a decrease of 5 yuan; the position of the main contract is 161098 lots, an increase of 3420 lots. - The net long position of the top 20 futures holders is - 3986 lots, a decrease of 585 lots; the number of warehouse receipts is 0, and the total number of effective warehouse receipt forecasts is 0. [2] 3.2现货市场 - The prices of jujube bulk goods in Kashgar, Alar, and Aksu are 6 yuan/kg, 5.2 yuan/kg, and 4.8 yuan/kg respectively, with no change. - The wholesale prices of first - grade grey jujubes in Hebei and Henan are 4.75 yuan/jin, with no change. - The prices of special - grade jujubes in Henan, Hebei, and Guangdong are 10.5 yuan/kg, 10.58 yuan/kg (a decrease of 0.03 yuan/kg), and 11.6 yuan/kg respectively. The price of first - grade jujubes in Guangdong is 10.6 yuan/kg, with no change. [2] 3.3 Upstream Market - The annual jujube output is 606.9 tons, an increase of 318.7 tons; the planting area is 199.3 hectares, a decrease of 4.1 hectares. [2] 3.4 Industry Situation - The national jujube inventory is 9167 tons, a decrease of 36 tons. - The monthly jujube export volume is 2364893 kg, an increase of 580729 kg; the cumulative monthly export volume is 21264731 kg, an increase of 2364893 kg. [2] 3.5 Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni is - 2981.06 tons. The cumulative year - on - year production of jujubes of Hao Xiang Ni is 36480.43 tons, a decrease of 34.59%. [2] 3.6 Industry News - In the parking area of Cui'erzhuang Market in Hebei, 2 trucks of jujubes arrived, with the reference price of special - grade jujubes at 10.60 yuan/kg, and the special - grade jujubes were sold out. - In the Ruyifang Market in Guangdong, 6 trucks of jujubes arrived. The prices varied according to the quality. The downstream purchasing enthusiasm increased. 3 trucks were sold in the morning market, and the cold storage shipped goods appropriately. [2]

Report Industry Investment Rating - Not provided Core View of the Report - New season main - producing area jujube growth is better than last year. New jujube harvest time is expected to be about one week earlier. In the sales area, the purchase and sales market is relatively flat, and the spot prices in Hebei and Guangdong markets are stable. The arrival volume during the holiday is significantly lower than last year. With new season production and high carry - over inventory, supply pressure remains, and the delay of the demand peak may lead to short - term weak jujube prices [2] Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for jujube is 10,960 yuan/ton, and the main contract position volume is 147,593 hands, with an increase of 8,020 hands. The net long position of the top 20 futures holders is 4,294 hands, and the number of warehouse receipts is 0, with no change. The effective warehouse receipt forecast is 0 [2] 现货市场 - The prices of jujube in various regions are as follows: Kashgar jujube general cargo price is 6 yuan/kg, Hebei first - class grey jujube wholesale price is 4.75 yuan/jin, Alar jujube general cargo price is 5.2 yuan/kg, Henan first - class grey jujube wholesale price is 4.75 yuan/jin, Aksu jujube general cargo price is 4.8 yuan/kg, Henan jujube special - grade price is 10.5 yuan/kg, Hebei jujube special - grade price is 10.5 yuan/kg, Guangdong jujube special - grade price is 11.6 yuan/kg, and Guangdong jujube first - class price is 10.6 yuan/kg, with no change in most prices [2] Upstream Market - The annual jujube output is 3.187 million tons, and the planting area is 1.993 million hectares, with a decrease of 41,000 hectares [2] Industry Situation - The national jujube inventory decreased by 44 tons. The monthly jujube export volume is 2,364,893 kg, an increase of 580,729 kg, and the cumulative monthly export volume is 21,264,731 kg [2] Downstream Situation - The cumulative quarterly sales volume of jujube of Hao Xiang Ni is 36,480.43 tons, and the cumulative quarterly production decreased by 34.59% year - on - year [2] Industry News - During the National Day, the purchase and sales in the main jujube sales areas were flat. In Hebei and Guangdong markets, the spot prices were stable. The arrival volume in Hebei market during the holiday was more than 10 trucks (200+ trucks last year), and in Guangdong market, it was 8 trucks, both significantly lower than last year [2]

1. Report Industry Investment Rating - The report suggests a short - term bearish outlook on the red date industry [2] 2. Core View of the Report - The supply - demand contradiction in the red date market has not been effectively alleviated, and the market is in a state of dynamic balance. The arrival volume in the sales areas is low, the downstream purchasing enthusiasm is average, and the overall trading atmosphere is light. The mentality of holders has clearly diverged, with some being reluctant to sell and waiting to see the future market. Operationally, a short - term bearish approach is recommended [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates is 10,620 yuan/ton, down 195 yuan; the main contract's open interest is 146,461 lots, up 2,952 lots. The net long position of the top 20 futures holders is - 1,558 lots, up 2,514 lots. The number of warehouse receipts is 8,661, down 210; the effective warehouse receipt forecast is 58, unchanged [2] 3.2现货市场 - The prices of red date products in various regions are mostly stable, with only the price of Hebei's premium red dates down 0.03 yuan/kg to 10.33 yuan/kg [2] 3.3 Upstream Market - The annual output of red dates is 6.069 million tons, an increase of 3.187 million tons; the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national red date inventory is 9,321 tons, down 89 tons; the monthly export volume is 1,784,164 kg, up 19,057 kg; the cumulative monthly export volume is 18,899,838 kg, up 1,784,164 kg [2] 3.5 Downstream Situation - The cumulative quarterly sales volume of Hao Xiang Ni's red dates is 36,480.43 tons, down 2,981.06 tons; the cumulative quarterly year - on - year production growth rate is 1.47%, down 34.59 percentage points [2] 3.6 Industry News - In Hebei's Cui'erzhuang market, 4 trucks of red dates arrived, with reference prices for premium, first - grade, and second - grade red dates. The market had little trading, and downstream buyers purchased as needed. In Guangdong's Ruyifang market, 4 trucks arrived, with spot prices fluctuating slightly, and early - morning trading of 1 - 2 trucks. In the main production areas of Xinjiang grey dates, the temperature is between 15°C - 31°C, and the jujube trees are in the sugar - increasing period. There may be light rain in mid - to - late September [2]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - This week, the price of the main contract of Zhengzhou jujube futures declined, with a weekly drop of about 4.43%. The sales area market has a low arrival volume, and the downstream purchasing enthusiasm is average, resulting in a cold trading atmosphere. As of September 4, 2025, the physical inventory of 36 sample points of jujubes was 9,410 tons, a decrease of 46 tons from last week, a month - on - month decrease of 0.49% and a year - on - year increase of 76.45%. The inventory decreased slightly, but the supply pressure remains. The jujube market is in a "lean period", with complex market sentiment and price trends. The downstream demand is weak, the old - crop inventory is still high, and the supply - demand contradiction has not been effectively alleviated. The spot price has begun to loosen, and the jujube futures show a weak oscillating trend. It is recommended to wait and see for the short - term operation of the Zhengzhou jujube 2601 contract [10]. 3. Summary by Directory 3.1 Week - to - Week Summary - Future trading reminders include spot price and consumer side. The price of the main contract of Zhengzhou jujube decreased this week, with a weekly decline of about 4.43%. The sales area market has low arrival volume, average downstream purchasing enthusiasm, and a cold trading atmosphere. As of September 4, 2025, the physical inventory of 36 sample points decreased by 0.49% month - on - month and increased by 76.45% year - on - year. The supply pressure remains. The downstream demand is weak, the old - crop inventory is high, and the supply - demand contradiction is not alleviated. The spot price has loosened, and the jujube futures are in a weak oscillating trend. It is recommended to wait and see for the short - term operation of the Zhengzhou jujube 2601 contract [10]. 3.2 Futures and Spot Market - **Futures price**: The price of the Zhengzhou jujube 2601 contract dropped significantly this week, with a weekly decline of about 4.43% [12]. - **Top 20 positions**: As of this week, the net position of the top 20 in jujube futures was - 5,625 lots [17]. - **Warehouse receipts**: As of this week, the number of Zhengzhou jujube warehouse receipts was 9,986 [21]. - **Futures price spread**: As of this week, the price spread between the Zhengzhou Commodity Exchange jujube futures 2601 contract and the 2605 contract was - 140 yuan/ton [24]. - **Basis**: As of this week, the basis between the Hebei grey jujube spot price and the main contract of jujube futures was - 710 yuan/ton [27]. - **Purchase price of bulk jujubes in the main producing areas**: As of September 5, 2025, the bulk jujube price in Aksu was 4.80 yuan/kg, in Alar was 5.2 yuan/kg, and in Kashgar was 6.0 yuan/kg [30]. - **Spot price of first - grade jujubes**: As of September 5, 2025, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei and Henan was 4.75 yuan/jin [33]. - **Spot price of special - grade jujubes**: As of September 5, 2025, the wholesale price of special - grade grey jujubes in Cangzhou, Hebei was 10.29 yuan/kg, and in Henan was 10.5 yuan/kg [36]. 3.3 Industry Situation - **Supply side - Inventory**: As of September 4, 2025, the physical inventory of 36 sample points of jujubes was 9,410 tons, a decrease of 46 tons from last week, a month - on - month decrease of 0.49% and a year - on - year increase of 76.45% [41]. - **Supply side - Yield**: In the 2024/25 production season, the jujube yield increased to 606.9 million tons due to good crop growth [44]. - **Demand side - Export volume**: As of July 31, 2025, the monthly export volume of jujubes was 1,784,164 kg, a month - on - month increase of 1.08%; the cumulative export volume from January to July 2025 was 18,899,838 kg, a month - on - month increase of 10.42% [46]. - **Demand side - BOCE trading**: This week, the BOCE Xinjiang Zao Hao brand had a small amount of trading in orders [51]. 3.4 Options Market and Futures - Stock Correlation - **Options market**: The report mentions the implied volatility of at - the - money jujube options this week, but no specific data is provided [52]. - **Futures - stock correlation**: The report shows the price - earnings ratio of Hao Xiang Ni, but no specific analysis is provided [54].