Report Industry Investment Rating - No investment rating provided in the report Core Viewpoints - The current apple inventory is at a low level compared to the same period in the past five years, and the purchase price of early - maturing varieties has increased year - on - year, which strongly supports the price. However, the large - scale listing of summer cooling fruits impacts apple demand, resulting in insufficient price momentum. In the short term, the apple price is expected to show a slightly stronger oscillatory trend. It is recommended to take short - term long positions when the price is low and continue to monitor the production situation [2] Summary by Relevant Catalogs Futures Market - The closing price of the October apple futures contract is 7,835 yuan/ton, the main contract's open interest is 93,033 hands (a decrease of 3,811 hands), the number of apple warehouse receipts is 0, and the net long position of the top 20 futures holders is 5,932 hands (a decrease of 1,674 hands) [2] Spot Market - The spot price of Shandong Yantai Qixia apples (second - grade fruit from farmers, paper - bagged 80 and above) is 4 yuan/jin, the national apple production is 5,128.51 million tons, the wholesale price of apples is 9.75 yuan/kg (a decrease of 0.01 yuan/kg), the average wholesale price of Fuji apples is 9.66 yuan/kg (an increase of 0.12 yuan/kg) [2] Upstream Situation - The total national apple cold - storage inventory is 91.49 million tons (a decrease of 7.82 million tons), the storage capacity ratio of Shandong apples is 0.06, the storage capacity ratio of Shaanxi apples is 0.13 (both decreased by 0.01), the monthly apple export volume is 50,000 tons (a decrease of 20,000 tons), the monthly import value of fresh, dried fruits and nuts is 2,552.9 million dollars, and the monthly apple export value is 5,152.5 million dollars [2] Industry Situation - The profit of first - and second - grade paper - bagged 80 apple storage merchants is 0.9 yuan/jin (an increase of 0.1 yuan/jin) [2] Downstream Situation - The average wholesale price of tangerines is 9.12 yuan/kg (an increase of 0.28 yuan/kg), the wholesale price of bananas is 6.15 yuan/kg (a decrease of 0.18 yuan/kg), the wholesale price of watermelons is 3.94 yuan/kg (an increase of 0.01 yuan/kg), the average daily morning arrival of trucks at the Guangdong Jiangmen wholesale market is 11 vehicles, the average daily morning arrival of trucks at the Guangdong Xiaqiao wholesale market is 19.4 vehicles (a decrease of 0.8 vehicles), and the average daily morning arrival of trucks at the Guangdong Chalong wholesale market is 7.8 vehicles (a decrease of 0.6 vehicles) [2] Option Market - The implied volatility of at - the - money call options for apples is 17.32% (an increase of 0.03%), the implied volatility of at - the - money put options for apples is 17.36% (an increase of 0.06%), and the 60 - day historical volatility of apples is 14.95% (a decrease of 0.2%) [2] Industry News - On July 17, 2025, the apple trading in the production areas remained sluggish. The remaining goods in the western production areas were limited, and the sales speed was acceptable with stable prices. In the Shandong production area, the remaining farmer - owned apples were mainly large fruits with uneven quality, and the prices were negotiated. The self - stored goods of merchants were digested through their own channels with a slow sales speed. The apple 2510 contract closed down 0.11% on Thursday. According to preliminary estimates based on bagging volume survey data by Mysteel, the national apple production is expected to be 3,736.64 million tons, an increase of 85.93 million tons (a 2.35% increase) compared to the 2024 - 2025 production season [2] Inventory Situation - As of July 16, 2025, the total cold - storage inventory of apples in the main production areas was 80.60 million tons, a decrease of 10.89 million tons from the previous week. The sales speed improved slightly compared to the previous week and was similar to the same period last year. The storage capacity ratio in the Shandong production area was 12.15% (a decrease of 1.06% from the previous week), and the de - stocking speed increased slightly. The storage capacity ratio in the Shaanxi production area was 4.63% (a decrease of 1.09% from the previous week), and the sales were slightly faster than the previous week [2]

Core Viewpoint - The harvesting season for Shixia longan in Gaozhou, Guangdong has begun, marking the start of the longan season in the region, with expectations for increased output in the coming weeks [4][5][6]. Group 1: Harvesting and Production - Gaozhou's Shixia longan orchards have started harvesting, with increasing shipment volumes expected to peak after July 20 [4][5]. - Shixia longan is a major variety cultivated in Guangdong, known for its thin skin, sweet taste, and early maturity, leading to its harvest preceding other regions in Guangdong [6][7]. - The planting area for Shixia longan in Hengtang Town accounts for 70% of the total area, with significant production levels [10]. Group 2: Yield Expectations - Despite a delay in the overall maturity period of longan this year compared to previous years, it is still expected to be a bumper harvest year, with production projected to exceed 350,000 tons by 2025 [16][24][26]. - The yield of Shixia longan and Chuliang longan is anticipated to be higher than last year, with one farmer estimating an increase from 30,000 pounds to at least 38,000 pounds this year [24][26][27]. Group 3: Processing and Market Activity - As the longan shipment volume increases, processing activities are also ramping up, with daily production of longan meat already in the thousands of pounds [28][30]. - The processing town of Fenjie has 63 specialized villages for longan processing, with peak trading volumes reaching 800 tons of fresh fruit daily and annual trading volumes exceeding 100,000 tons [31][32].

Core Viewpoint - The "Pingnan Longan" from Guangxi is set to be launched in early August, marking the transition from lychee season to longan season, with a focus on supplying the Guangdong-Hong Kong-Macao Greater Bay Area [2][3][5]. Group 1: Product Overview - The Pingnan Longan, known for its excellent quality, is characterized by its translucent appearance, thick flesh, small seed, and crisp texture, distinguishing it in the national longan market [6][7]. - This fruit is not only delicious but also rich in nutrients, with all parts of the fruit being medicinal, containing various vitamins and minerals that benefit heart and spleen health, and promote blood nourishment and tranquility [8]. Group 2: Agricultural Significance - The Pingnan Longan is cultivated over an area of 200,000 acres in Pingnan County, generating an output value of nearly 1.4 billion yuan, making it the largest county-level production base for this variety in the country [14]. - The region's favorable climate and abundant sunlight contribute to the superior quality of Pingnan Longan, which has received multiple accolades, including a gold medal at the 1995 China Agricultural Expo and recognition as a geographical indication product [9][10][11]. Group 3: Industry Development - The local government has been focusing on developing the Pingnan Longan industry by leveraging its resource advantages and adhering to a green development philosophy, aiming for high-quality growth in the longan sector [15][16].

Core Viewpoint - The article highlights the flourishing apricot industry in Beijing's Yanqing District, emphasizing its economic impact and the integration of agriculture with tourism and technology [3][4]. Group 1: Apricot Industry Development - The apricot industry in Xinzhangbao Village began in the 1980s and has grown significantly due to favorable natural conditions, producing large, sweet, and aromatic apricots that are well-received in the market [3]. - The "Yanqing Xiangbai Apricot" received national geographical indication certification in 2020, enhancing its market recognition as a high-quality agricultural product [3]. - The seasonal availability of various apricot varieties from mid-June to early August creates a continuous supply of fresh fruit, contributing to local economic growth [3]. Group 2: Economic and Tourism Impact - The apricot industry has positively impacted local residents' incomes and stimulated the development of rural leisure industries, attracting visitors for both flower viewing in spring and fruit picking in summer [3][4]. - Local government initiatives aim to diversify the apricot industry into rural tourism, creating an ecological agricultural demonstration area that integrates picking, sightseeing, and leisure activities [3][4]. Group 3: Technological and Sales Innovations - Over the past 40 years, the apricot industry has evolved from small-scale planting to large-scale production, with ongoing improvements in fruit tree breeding technology ensuring sustainable development [4]. - The introduction of community group buying and e-commerce live streaming has enhanced sales channels for fresh apricots, contributing to the growth of rural tourism and accommodation services [4].

Core Viewpoint - The article highlights the successful export practices of "Leiling Lychee" from Shantou, Guangdong, emphasizing the role of media in enhancing the brand's global reputation and market presence [2][4][6]. Group 1: Industry Development - The Leiling area in Eastern Guangdong has 44,000 acres of lychee cultivation, with an expected production exceeding 15,000 tons [5][6]. - The price at the production site is generally over 20% higher than surrounding areas, indicating strong market demand and premium quality [6]. Group 2: Export and Marketing Strategies - The "Media+" approach has facilitated a virtuous cycle of "quality" and "high price" in the lychee industry, promoting both sales and farmer income [12][13]. - Various promotional activities have been conducted this year, including participation in the 14th Guangdong Agricultural Expo and events in major cities to enhance brand visibility [15][16][17]. Group 3: Product Variety and Consumer Engagement - New lychee varieties such as "Jumeiren," "Xianjinfeng," "Jingganghongnuo," and "Bingli" are currently in the market [26]. - A beverage called "Leiling Lychee Fragrant Coconut" has been launched in collaboration with local tea shops, further engaging consumers [26][30].

Core Viewpoint - The event aims to enhance the brand awareness and market influence of Pingfu Nai Li, promoting local agricultural development through collaboration and exchange [2][3][4]. Group 1: Event Overview - The ninth Pingfu Nai Li opening event took place in Rinhua County, showcasing the fruit and providing a platform for cooperation [2][3]. - The event featured a tasting area where attendees praised the fruit's sweetness and placed orders on-site [6][7]. - Interactive games and live streaming by popular hosts contributed to the event's engagement and sales efforts [8]. Group 2: Agricultural Development - Pingfu Nai Li, a green-skinned fruit, has been cultivated since the 1990s, benefiting from favorable natural conditions [9][10]. - The current planting area in Zhou Tian Town is approximately 3,000 acres, with a yield of about 1,500 pounds per acre, selling for 10 to 12 yuan per pound [14]. - The number of farming households involved in Pingfu Nai Li cultivation has increased from 50 to 375, with the fruit accounting for 71.5% of the village's agricultural output value [15][16]. Group 3: Quality Improvement and Branding - The town has initiated "One Village, One Product" activities to guide villagers in developing specialty industries, including Pingfu Nai Li [22]. - Collaboration with agricultural research institutions has led to the establishment of a production technology framework and a focus on environmentally friendly cultivation practices [23][25]. - Since 2016, the town has successfully held nine opening events, enhancing the brand's visibility through various promotional activities [30][31]. Group 4: Sales and Marketing Strategies - The local e-commerce initiative is innovating by expanding sales channels through online live streaming, training a workforce for e-commerce sales [38][39]. - The involvement of students and faculty from Guangdong University of Technology aims to leverage academic resources to support the Pingfu Nai Li industry [34][36].

不过，从开花到坐果，再到膨大……要种出好苹果，还得经受天气的重重考验。如今的延安，一颗颗"红苹果"变成"致富果"的背后，蕴藏 着一个个与气象有关的故事。 故事一：苹果树上的"气象小哨兵" 在志丹县保安街道张沟门村，尽管今年经历了三次低温冻害，但果园里一排排苹果树长势喜人，正处于膨大生长期的幼果套着黄色保护 袋，挂满枝头。 "每年四五月苹果花期时，最怕低温冻害，一场花期低温冻害就可能对果园造成毁灭性损失，现在多亏有了这个小东西！"志丹县农业农村 局干部张宏指着一棵苹果树上挂着的像马灯一样的仪器说，这是两要素果园气象站，用来监测果园实时温度和湿度，乡亲们都叫它"气象小哨 兵"。 走进七月的陕西延安，塬峁上的苹果树郁郁葱葱。这里地处世界最佳苹果优生区，苹果不仅装点着延安的山山峁峁，更让乡亲们的钱袋子 鼓了起来——全市约100万人从事苹果产业相关工作。 为此，吴起县2023年启动冰雹源头防御体系建设试点工作，大力推进人工增雨防雹作业装备建设及自动化改装工作，研发智能预警指挥系 统，实现从卫星早期发现预警，到指令科学自动下发、装备自动安全作业的智能化防雹科学作业新模式。 在吴起县南梁山人工影响天气标准化作业站，记者看到 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints of the Report - The overall performance of the late Fuji apple market this week was stable but weak, with light trading. The demand in the market is in the off - season, and the spot sales are average. The supply - demand contradiction in the market is not significant before the new - season apples are launched, and the short - term trend is expected to be volatile [5][13][14] Summary According to Relevant Catalogs First Part: Logical Analysis and Trading Strategies 1. Apple Spot Analysis - The late Fuji market in the main producing areas is weak and trading is light. In Shandong, good - quality apples have stable prices, while the prices of general and lower - quality apples decline. In Shaanxi, the proportion of water - rotted apples increases and suitable apples are hard to find. In the sales areas, the wholesale market shows obvious off - season characteristics, and consumption is slow due to quality, price, and the impact of seasonal fruits [5] - In Shandong Qixia, the prices of 80 first - and second - grade sliced red apples are 3.50 - 4.00 yuan/jin, 80 first - and second - grade striped apples are 3.70 - 4.50 yuan/jin, general apples are 2.80 - 3.30 yuan/jin, and third - grade apples are 2.00 - 2.50 yuan/jin. In Shaanxi Luochuan, the prices of orchard - owner general apples starting from 70 are 4.3 - 4.5 yuan/jin, merchant apples above 70 are 4.3 - 4.60 yuan/jin, above 75 are 4.5 - 5.0 yuan/jin, and 70 high - grade inferior apples are 3.10 - 3.30 yuan/jin [5] 2. Supply Analysis - As of July 3, 2025, the national cold - storage inventory ratio is about 6.88%, down 0.69 percentage points this period, and 3.59 percentage points lower than the same period last year. The de - stocking rate is 89.18%. The cold - storage capacity ratio in Shandong is 11.25%, down 1.06 percentage points, and the shipment volume and trading volume increase slightly. In Shaanxi, the cold - storage capacity ratio is 6.39%, down 0.64 percentage points, and there is almost no trading in cold - storage [10] - As of July 9, 2025, the cold - storage inventory of apples in the main producing areas is 91.49 tons, a decrease of 7.81 tons from last week, and the sales speed is still slower than the same period last year [10] 3. Demand Analysis - In the Guangdong Chalong market, the number of morning arrival vehicles decreases slightly. The market is affected by seasonal fruits, the arrival volume is low, and the terminal consumption slows down. The secondary and tertiary wholesalers purchase on demand [13] - On July 11, the average wholesale price of 6 key - monitored fruits is 7.45 yuan/kg, slightly lower than last Friday, and is at a medium - high level in the same period in recent years [13] - In the 2024 - 2025 production season, the profit of Qixia 80 first - and second - grade storage merchants is 0.7 yuan/jin, a decrease of 0.1 yuan/jin from last week [13] 4. Trading Strategies - The trading logic is that the current market inventory is low, demand is in the off - season, and the supply - demand contradiction is not significant. The short - term trend is expected to be volatile [14] - For single - side trading, AP10 is expected to fluctuate in a range, and low - buying and high - selling can be considered. For arbitrage, it is recommended to wait and see. For options, selling put options is recommended [14] Second Part: Weekly Data Tracking 1. Apple Supply and Demand Situation - Data on apple exports, planting area, and consumption are presented in graphical form, but specific numerical analysis is not provided in the text [17] 2. Inventory and Shipment - Graphs show the cold - storage inventory trends of apples in the whole country, Shandong, and Shaanxi from 2016/17 to 2024/25, as well as the national cold - storage apple shipment trends during the same period [19][21] 3. Spread and Basis - Graphs show the 1 - 5 spread, 5 - 10 spread, 10 - 1 spread, 1 - month basis, 5 - month basis, and 10 - month basis of apples from 2019 to 2025 [24]

Core Viewpoint - The article discusses the challenges and strategies of the Guangxi lychee industry, focusing on improving quality, reducing costs, and enhancing market competitiveness through innovation and technology. Group 1: Market Challenges - Guangxi lychee faces intense competition from late-maturing varieties in Hainan and Guangdong, leading to price wars during overlapping sales seasons [3] - The price of lychee fluctuated significantly, with initial prices at 8-10 yuan per pound, peaking at 6-7 yuan, and dropping to around 3 yuan towards the end of the season [16] Group 2: Quality Improvement Strategies - Guangxi is upgrading lychee varieties and adjusting harvest times to improve market positioning, with a focus on late, mid, and early varieties [5] - The introduction of the "Gui Bird Flying Tour" system for pest detection has significantly reduced inspection time and improved data collection for better harvest timing [6] Group 3: Cost Reduction Initiatives - High harvesting costs, approximately 0.8 yuan per pound, are a concern for farmers, prompting exploration of socialized services and professional harvesting teams [8][10] - The use of drones for transportation has improved efficiency, allowing for rapid delivery of harvested lychee to processing points [14] Group 4: Technological Innovations - The implementation of smart farming techniques, such as data-driven irrigation and fertilization, has increased fruit quality by 25% [7] - The development of lychee-picking robots by South China Agricultural University aims to enhance harvesting efficiency [11][12] Group 5: Market Expansion and Sales Strategies - The Guangxi lychee industry is exploring new sales models, including pre-sale cards and direct shipping through e-commerce platforms, to reach high-end customers [16] - The establishment of processing lines for lychee products, such as wine and beverages, is expanding the industry’s value chain [16] Group 6: International Outreach - Guangxi lychee has gained export qualifications, with plans to sell lychee globally, marking a significant step in international market penetration [17]

Core Viewpoint - The introduction of smart meteorological monitoring systems has significantly improved the resilience and profitability of apple farmers in Yan'an, Shaanxi Province, by providing timely weather alerts and data-driven insights to mitigate the impact of extreme weather events [1][2][5]. Group 1: Technological Innovations - The "Ping An Weather" WeChat mini-program has been developed to create a comprehensive disaster prevention system, allowing farmers to monitor six key meteorological indicators that affect apple growth, with data updated every five minutes [2][3]. - A total of 1,670 portable temperature and humidity monitoring devices and 475 sets of six-element intelligent monitoring stations have been deployed in Yan'an, enhancing temperature monitoring accuracy from 5 degrees Celsius to 0.5 degrees Celsius [3][4]. Group 2: Economic Impact - In 2024, apple production in Zhidan County is expected to increase by 29,000 tons, representing a growth rate of 13.4%, while the production value is projected to rise by 172 million yuan, also reflecting a growth rate of 13.3% compared to 2023 [3][4]. - The implementation of advanced weather radar and automated rain-making equipment aims to mitigate hail damage, which has historically caused significant financial losses for farmers [4]. Group 3: Farmer Experiences - Farmers in Yan'an have transitioned from a state of uncertainty regarding weather conditions to a more secure and informed approach to apple farming, leading to sustainable development in the apple industry [5].