本报讯(记者袁传玺)天眼查工商信息显示，近日，圆果(乌鲁木齐)商贸有限公司成立，法定代表人为戴 长青，注册资本1000万元，经营范围包括食品销售、食品互联网销售、水果种植等。股东信息显示，该 公司由圆通速递（600233）有限公司、新疆果业集团有限公司、青田中智物产贸易有限公司共同持股。 ...

Core Viewpoint - Agricultural Bank of Chengdu Branch is actively promoting rural revitalization through innovative financial products and services, addressing the specific needs of local agricultural industries and enhancing the financial ecosystem in rural areas [1][2][3]. Group 1: Customized Financial Solutions - The bank has identified the mismatch between traditional credit models and rural industry needs as a key barrier to development, leading to the creation of tailored financial products [1]. - A specific case involved the introduction of a specialized loan, "Li Zi Dai" (Plum Loan), which provided 2 million yuan to a local association to build rain shelters, significantly improving the quality and market price of their produce [2]. - To date, the bank has disbursed a total of 26 million yuan in "Li Zi Dai," supporting 21 farmers and covering 80% of the core production area in the village [2]. Group 2: Comprehensive Financial Ecosystem - The bank is constructing a financial ecosystem that covers the entire agricultural value chain, facilitating collaboration among various stakeholders [3]. - In the kiwi industry of Pujiang County, the bank launched "Mi Hou Tao Dai" (Kiwi Loan) to address funding challenges across the production and trade sectors, resulting in a significant increase in the scale and quality of production [3]. - By September 2025, the bank had provided 30 million yuan in loans to the kiwi industry, benefiting over 60 clients along the supply chain [3]. Group 3: Innovative Service Models - The bank's team focuses on deeply engaging with rural communities and identifying local needs, exemplified by the support provided to a traditional condiment company that lacked collateral for loans [4]. - The introduction of "Dou Ban Dai" (Douban Sauce Loan) enabled the company to purchase new equipment, leading to a 50% increase in annual output and expanded market reach [4]. Group 4: Community Engagement and Education - The bank is exploring a "bank-government-village" collaboration model to establish a rural credit system, conducting numerous financial literacy events to educate local residents [5]. - As of September 2025, the bank's county-level loan balance exceeded 160 billion yuan, with a 21.4% growth in agricultural loans, reflecting its commitment to rural revitalization [5]. - The bank aims to continue innovating its products and services to provide ongoing support for rural development in the Chengdu area [5].

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - The current late - Fuji apple inventory is at a relatively low level in recent years, and price fluctuations have intensified on the futures market. It is recommended to buy long positions on dips in the short term and pay attention to risk control [2] 3. Summary by Related Catalogs Futures Market - The closing price of the apple futures main contract is 9229 yuan/ton, and the main contract position is 139,277 lots, a decrease of 2,878 lots compared to the previous period. The net long position of the top 20 futures holders is 7,393 lots [2] Spot Market - The spot price of apples in Gansu Jingning (paper - bag 75 and above) is 5 yuan/jin, unchanged from the previous period; in Shandong Yiyuan (paper - bag 75 and above) it is 2.3 yuan/jin, unchanged; in Shaanxi Luochuan (paper - bag 70 and above half - commodity) it is 4.2 yuan/jin, with a change of 0.1 yuan/jin; in Shandong Yantai Qixia (paper - bag 80 and above first - grade second - class fruit farmer's goods) it is 3.5 yuan/jin, a decrease of 0.1 yuan/jin [2] Upstream Situation - The annual national apple output is 5,128.51 million tons. The weekly apple fruit wholesale price is 9.46 yuan/kg, a decrease of 0.07 yuan/kg; the average wholesale price of Fuji apples is 9.04 yuan/kg, a decrease of 0.11 yuan/kg. The total national apple cold - storage inventory is 698.42 million tons, the Shandong apple storage capacity ratio is 0.41, unchanged; the Shaanxi apple storage capacity ratio is 0, and the monthly apple export volume is 70,000 tons, unchanged [2] Industry Situation - The monthly apple export amount year - on - year is - 8.5%. The monthly import amount of fresh, dried fruits and nuts is 1,837,980 million US dollars, an increase of 248,684.5 million US dollars. The weekly profit of first - and second - grade paper - bag apple 80 storage merchants is 0 yuan/jin [2] Downstream Situation - The weekly fruit wholesale price of pears is 6.67 yuan/kg, with a change of 0.02 yuan/kg; for bananas it is 5.18 yuan/kg, with a change of 0.1 yuan/kg; for watermelons it is 5.48 yuan/kg, with a change of - 0.02 yuan/kg. The weekly average number of early - morning arrival vehicles at the Guangdong Jiangmen wholesale market is 12.2, a decrease of 4; at the Guangdong Xiaqiao wholesale market it is 17, a decrease of 3.6; at the Guangdong Chalong wholesale market it is 24, a decrease of 3.6 [2] Option Market - The implied volatility of at - the - money call options for apples is 23.36%, a decrease of 0.67%; the implied volatility of at - the - money put options for apples is 23.36%, a decrease of 0.67% [2] Industry News - Cold - storage trading in the western apple - producing areas has gradually started, with Shandong merchants actively purchasing goods, and the price of stored Fuji apples in Gansu is stable and firm. In the Shandong producing area, the mainstream price of surface supplies has declined due to quality issues, and the local inventory has continued to increase. The ground trading of new - season late - Fuji apples is gradually ending, mainly concentrated in Shandong and Shanxi. As of November 5, 2025, the national apple cold - storage inventory is 698.42 million tons, lower than the same period last year. The storage capacity ratio in Shandong is 41.03%, a year - on - year decrease of 13.42%; in Shaanxi it is 56.81%, a year - on - year decrease of 10.77%. The new - season late - maturing Fuji apples in Shandong have smaller fruit sizes and poorer fruit surface quality, showing a trend of reduced production and quality [2]

Core Points - Malaysia's durian, known as the "king of fruits," is seeking official recognition as the "national fruit" and a proposed "National Durian Day" on July 7 [1][3] - The Durian Producers Association (DMA) emphasizes that durian is not just a fruit but a part of Malaysia's national identity and culture [3] - The international reputation of Malaysian durians, particularly varieties like Musang King and Black Thorn, has been bolstered by the recent 10-year renewal of the geographical indication (GI) for Musang King, valid until March 2034 [3] Industry Impact - The durian industry contributes millions of Malaysian Ringgit annually to agricultural exports, supporting many farmers, smallholders, and downstream workers [3] - Official recognition of durian as the "national fruit" could enhance innovation, research, and agricultural tourism within the industry [3] - The Ministry of Agriculture and Food Security has confirmed receipt of the DMA's application, but a final decision on the proposal is pending further research by multiple departments [3]

Core Viewpoint - The kiwi fruit industry in Shuicheng, Guizhou, has seen significant growth, contributing to rural revitalization and improving the livelihoods of local farmers through increased production and income. Group 1: Industry Growth and Impact - The area of kiwi cultivation in Shuicheng has expanded from 300 acres in 2000 to 111,000 acres, directly benefiting 7,356 households and creating over 15,000 job opportunities [1][2] - In 2024, the fresh fruit output is projected to reach 36,000 tons with a value of 722 million yuan, while in 2025, the expected output is 37,500 tons with a value of 750 million yuan [2] Group 2: Technological and Educational Support - The local government has conducted five training sessions and 53 on-site technical guidance sessions for farmers, enhancing kiwi quality and yield through education on variety selection, field management, and pest control [1][2] - The promotion of a "fruit orchard grass + green fertilizer" planting model and water-saving irrigation techniques has been implemented to maintain soil moisture [2] Group 3: Sales and Market Expansion - Sales channels for Shuicheng kiwis have expanded, with 54 brand direct sales stores established in over 20 cities, and partnerships with 15 distributors for regional agency agreements [4] - The development of e-commerce sales has enabled the kiwi products to reach a wider market, enhancing their visibility and accessibility [4]

Report Summary 1. Report Industry Investment Rating No investment rating is provided in the report. 2. Core Viewpoints - As of November 5, 2025, the apple cold - storage inventory in major producing areas was 698.42 million tons, 115.02 million tons lower than the same period last year. The current storage progress does not represent the final peak. - The storage capacity ratio in Shandong was 41.03%, a year - on - year decrease of 13.42%, and in Shaanxi it was 56.81%, a year - on - year decrease of 10.77%. The new - season late - maturing Fuji apples in Shandong showed a trend of reduced yield and quality. - Shaanxi's storage is nearing completion, and the storage volume is expected to reach its peak next week. - The current late - Fuji inventory is at a relatively low level in recent years, which is reflected in the market, causing increased price volatility. It is recommended to wait and see in the short term. [2] 3. Summary by Directory Futures Market - The closing price of the main apple futures contract was 9,159 yuan/ton, and the position of the main contract was 142,155 lots, an increase of 11,488 lots. - The net long position of the top 20 futures traders was 6,233 lots, a decrease of 1,097 lots. [2] Spot Market - The spot price of apples in Gansu Jingning (paper - bagged, above 75) was 5 yuan/jin, unchanged; in Shandong Yiyuan (paper - bagged, above 75) it was 2.3 yuan/jin, unchanged; in Shaanxi Luochuan (paper - bagged, above 70 semi - commercial) it was 4.1 yuan/jin, unchanged; in Shandong Yantai Qixia (paper - bagged, above 80 first - grade) it was 3.6 yuan/jin, a decrease of 0.1 yuan/jin. [2] Upstream Situation - The national apple output was 5,128.51 million tons, an increase of 168.34 million tons. - The average wholesale price of apples was 9.46 yuan/kg, a decrease of 0.07 yuan/kg; the average wholesale price of Fuji apples was 9.04 yuan/kg, a decrease of 0.11 yuan/kg. - The total cold - storage inventory of national apples was 698.42 million tons. The storage capacity ratio in Shandong was 0.57, and in Shaanxi it was 0.41. The monthly export volume of apples was 70,000 tons. [2] Industry Situation - The monthly export value of apples was 69.1798 million US dollars, an increase of 24.86845 million US dollars; the monthly import value of fresh and dried fruits and nuts was not provided with a change value. - The profit of first - and second - grade paper - bagged 80 apple storage merchants was 0 yuan/jin. - The average wholesale price of tangerines was 6.08 yuan/kg, a decrease of 0.66 yuan/kg; the wholesale price of bananas was 5.48 yuan/kg, an increase of 0.02 yuan/kg. [2] Downstream Situation - The wholesale price of watermelons was 5.18 yuan/kg. - The average daily early - morning arrival of trucks at the Jiangmen wholesale market in Guangdong was 12.2 vehicles, a decrease of 4 vehicles; at the Xiaqiao wholesale market in Guangdong, it was 17 vehicles, a decrease of 3.6 vehicles; at the Chalong wholesale market in Guangdong, it was 24 vehicles, a decrease of 3.6 vehicles. [2] Option Market - The implied volatility of at - the - money call options for apples was 24.03%, a decrease of 0.1%; the implied volatility of at - the - money put options for apples was 24.03%, a decrease of 0.1%. [2] Industry News - In the Gansu production area, cold - storage apple trading was active, with merchants from Shandong and Shaanxi actively purchasing. The price of stored Fuji apples remained stable and firm. - In the Shaanxi production area, ground trading was ending, and some inventory holders were supplying the market, with a stable market. - In the Yuncheng production area of Shanxi, the trading of paper - laminated apples heated up, with more inquiring and purchasing merchants, and prices showed a firm trend. - In the Shandong production area, fruit farmers were still storing apples, the overall quality of ground supplies declined slightly, small - fruit trading was active, and prices rose significantly. [2]

Core Viewpoint - The apple industry in Yan'an, located in the Loess Plateau, is experiencing significant transformation and growth, driven by policy support, technological advancements, and market demand, leading to a comprehensive upgrade from cultivation to sales and branding [1][3]. Group 1: Industry Development - Yan'an is recognized as the "best apple-producing area in the world" due to its favorable climate conditions, including ample sunlight and significant temperature variations [1]. - The apple industry has evolved from simple planting and harvesting to a full-chain upgrade, focusing on quality and branding [3]. - The area has implemented organic cultivation techniques and a big data traceability system to enhance soil fertility and create growth profiles for each apple [3]. Group 2: Technological Integration - Farmers in Yan'an have shifted from relying on weather conditions to utilizing technology for better yields and quality assurance [5]. - The introduction of automated sorting lines has improved efficiency and consistency in apple quality, leading to higher customer repurchase rates [7]. - The region has established a logistics alliance to enhance transportation efficiency, facilitating the export of apples to over 20 countries, including the Maldives, Indonesia, Canada, the UAE, and Singapore [5]. Group 3: Economic Impact - The total apple planting area in Yan'an has reached 3.328 million acres, making it the largest in any prefecture-level city in China [7]. - Approximately 100 million people in Yan'an are engaged in activities related to apple cultivation, processing, logistics, and sales, highlighting the industry's role as a significant source of income for the local population [7]. - The apple industry has become a vital "wealth-generating industry," contributing to the economic well-being of the community [7].

Core Insights - The apple industry in Shaanxi province, particularly in Yulin city, has seen significant growth, with the area now being one of the three major apple production regions in the province, contributing to one in four apples produced nationally [1][2] Group 1: Industry Growth - The apple planting area in Yulin has reached 1.16 million acres, more than three times the area from 20 years ago [1] - The introduction of new apple varieties and advanced agricultural technologies has enhanced the competitiveness of apples grown in sandy soils [3] Group 2: Environmental Improvements - Ecological projects like the "Three-North" shelter forest have helped stabilize 8.6 million acres of shifting sand, contributing to improved conditions for apple cultivation [2] - Average annual precipitation in Yulin has increased by 5.88 mm since 2010, benefiting apple growth [2] Group 3: Success Stories - Local farmers, such as Zhang Binggui, have successfully transitioned from failed crops to profitable apple farming, with expected profits exceeding 300,000 yuan this year [1] - In Shenmu city, apple production is projected to exceed 300,000 pounds this year from 900 acres of orchards [1]

Core Insights - The article highlights the successful development of the pomelo industry in Meizhou, Guangdong, emphasizing the importance of technology and innovation in enhancing agricultural productivity and profitability [1][2][3][4]. Group 1: Industry Development - The pomelo industry in Meizhou has seen significant growth, with the total output value of the entire industry chain exceeding 8.9 billion yuan in 2024, benefiting over 100,000 farming households [4]. - The local government has been actively promoting the development of rural characteristic industries as a foundation for comprehensive rural revitalization, focusing on technology application and the integration of agriculture, culture, and tourism [1][4]. Group 2: Technological Advancements - Modern agricultural practices have transformed pomelo farming, with innovations such as integrated irrigation and fertilization systems, drones for transportation, and smart sensors for monitoring soil conditions [2][3]. - The introduction of techniques like "one fruit, two cuts" helps reduce damage during transportation, thereby extending the shelf life of the pomelos [3]. Group 3: Economic Impact - The South Fu Village, with 450 households engaged in pomelo cultivation over 5,000 acres, generates an annual income exceeding 50 million yuan, showcasing the economic potential of the pomelo industry [3][4]. - The diversification of the pomelo industry includes the production of essential oils, flavonoids, and dried peel products, indicating a growing market for value-added products [3].

Core Insights - The article highlights the successful development of the pomelo industry in Meizhou, Guangdong, emphasizing the importance of technology and innovation in agriculture to enhance productivity and profitability [1][3][4]. Industry Overview - The pomelo industry in Meizhou has seen significant growth, with the total output value of the entire industry chain exceeding 8.9 billion yuan in 2024, benefiting over 100,000 farmers [5]. - The region has become the largest commercialization production base and distribution center for pomelo in China, supported by leading enterprises and professional cooperatives [4]. Technological Advancements - Modern agricultural technologies, such as smart sensors for soil monitoring and drones for transportation, have transformed traditional farming practices, making them more efficient [3]. - Innovations like the "one fruit two cuts" technique are being promoted to improve the quality and shelf life of pomelos [3]. Economic Impact - The pomelo industry has significantly contributed to local economies, with South Fu Village generating over 50 million yuan in annual income from its 5,000 acres of pomelo cultivation [4]. - The integration of pomelo production with rural tourism has created year-round income opportunities for farmers, moving beyond seasonal sales [5]. Community Development - The development of the pomelo industry has led to the recognition of South Fu Village as a model for high-quality development in Guangdong Province [4]. - The local government is actively supporting rural revitalization efforts through enhanced agricultural practices and community engagement [1].