Core Viewpoint - The article highlights the booming market and brand development of Guangdong pomelo, particularly from Meizhou, emphasizing its significance in local agriculture and economy [1][4][5]. Group 1: Brand and Market Development - Meizhou is recognized as the largest pomelo production area in Guangdong, with the local pomelo being a key agricultural product that contributes to the region's economy [3][5]. - The "12221" market system has facilitated the promotion of Guangdong pomelo, leading to its recognition as a national brand [9][11]. - Various marketing strategies, including media collaborations and creative campaigns, have successfully elevated the brand visibility of Guangdong pomelo [17][54]. Group 2: Economic Impact - The pomelo industry in Meizhou has generated significant income, with over 57 million yuan from the golden pomelo alone in a single year [6]. - The overall industry value has surpassed 8.9 billion yuan, benefiting over 100,000 farmers [66]. - The average annual income increase for farmers in the Meizhou pomelo planting base is 28,800 yuan, with pomelo cultivation accounting for over 80% of their total income [66][67]. Group 3: Marketing and Promotion - The Guangdong pomelo has been featured prominently in national media, including CCTV, enhancing its recognition among consumers [20][22]. - Innovative marketing approaches, such as mobile advertising and community group purchases, have been employed to reach a wider audience [32][54]. - The pomelo has also gained international attention, with promotional events in Canada introducing it to new markets [35][43].

Report Title - Apple Weekly Report: New Apples are Gradually Being Stored in Warehouses, and Apple Prices Remain Stable [1] Industry Investment Rating - Not provided in the report Core Viewpoints - This year, apple production has declined, the high - quality fruit rate is poor, and preservation is more difficult. Market expectations suggest that the cold - storage inventory data is likely to be lower. As of November 6, 2025, the national cold - storage inventory ratio was about 51.68%, a year - on - year decrease of 10.62 percentage points; the inventory was 6.8274 million tons, 17.04% lower than the same period last year. Considering that it's not the peak of storage yet, it's highly likely that this year's inventory will be lower than last year, and the apple quality is relatively poor, so the effective inventory is likely to be low. However, the current futures price is at a high level, with a significant increase in positions and greater market divergence. Short - term risks are relatively high, so it is recommended to wait and see [17]. Summary by Directory 1. Logic Analysis and Trading Strategies 1.1 Apple Spot Analysis - This week, the ground trading of new - season late Fuji apples is gradually ending, concentrated in Shandong and Shanxi. The storage work is in the later stage. In Shandong, some areas haven't completed the harvest, with many merchants, and striped apples are on the market. In terms of storage progress, Gansu has basically finished, Shaanxi is nearing completion, and in Shandong, some areas are still actively storing. The trading atmosphere in the sales areas is weak, with fewer trucks arriving during the week, and the demand side is under pressure. The prices in major producing areas are generally stable with a slight upward trend in Shandong and a slight decline in Shaanxi due to quality [7]. 1.2 Supply Analysis - As of November 6, 2025, the national cold - storage inventory ratio was about 51.68%, with an inventory of 6.8274 million tons, 17.04% lower than the same period last year. Shandong's cold - storage capacity utilization rate is 48.95% and is still in the storage process. Shaanxi's is 52.56%, with most areas having completed storage, and some areas still receiving external supplies. The overall storage in Shaanxi is lower than last year due to smaller fruit sizes and higher defect rates. There is a small amount of出库 from cold - storage recently, and there are reports of water - rotting apples in some cold - storages [12]. 1.3 Demand Analysis - In the Guangdong Chalong market, the number of trucks arriving in the morning has significantly decreased compared to last week, with an average of about 24 trucks per day. The new - season late Fuji apples are moving slowly, and there is pressure on daily digestion and some backlog in transit warehouses. The average wholesale price of 6 key - monitored fruits on November 7 was 6.94 yuan per kilogram, slightly lower than last Friday, at a medium - high level in recent years. The profit of storage merchants for Qixia 80 first - and second - grade apples in the 2025 - 2026 production season is temporarily not counted [15]. 1.4 Trading Strategies - Trading Logic: Apple fundamentals are strong, but the current price is high, and there is a large divergence between bulls and bears in the market. It is recommended to wait and see. - Unilateral: Wait and see. - Arbitrage: Wait and see. - Options: Wait and see [17]. 2. Weekly Data Tracking 2.1 Apple Supply and Demand Situation - Not elaborated in detail in the provided content, only some historical data charts of apple production, consumption, and export are presented [21]. 2.2 Inventory and Shipment - Similar to the supply analysis, it shows the cold - storage inventory trends of apples in the whole country, Shandong, and Shaanxi over the years, and also the national cold - storage apple shipment trends [24]. 2.3 Spread and Basis - The report presents the historical data charts of 5 - month basis, 10 - month basis, 1 - 5 spread, 5 - 10 spread, and 1 - month basis, which can be used for analyzing the price differences between different contract months and the relationship between spot and futures prices [28].

Core Insights - Madagascar is expected to see an increase in lychee production in the upcoming harvest season [1] - The lychee industry supports nearly 500,000 households in Madagascar [1] - Madagascar is the world's largest lychee exporter, with annual export volumes ranging from 17,000 to 20,000 tons [1]

Core Insights - The Nanfeng honey orange is a key agricultural product in Nanfeng County, recognized as a "national geographical indication product" and a "Chinese famous agricultural product" [1][2] - The county's disciplinary inspection and supervision commission has implemented measures to address issues in the honey orange industry, focusing on infrastructure, pest control, and agricultural guidance [1][2] Group 1: Industry Development - Nanfeng honey orange is considered a "golden business card" for the county and is crucial for local income and rural revitalization [2] - The county has established a collaborative supervision mechanism that extends oversight across the entire honey orange production chain, including planting, processing, sales, and brand protection [2] Group 2: Problem Identification and Resolution - The county's disciplinary commission conducted visits to identify issues such as outdated irrigation facilities and inadequate pest control, leading to the collection of numerous problem reports [1] - Actions taken include issuing supervision letters to relevant departments to enhance infrastructure and organizing training for pest control [1] Group 3: Brand Protection and Quality Assurance - The reputation of the Nanfeng honey orange brand was previously affected by issues like counterfeit products, prompting the introduction of management measures for the regional public brand [2] - The county has also focused on ensuring the accurate distribution of agricultural subsidies and has investigated cases of fraudulent claims [2]

研究所 农产品研发报告 农产品日报 2024 年 11 月 06 日 研究员：刘倩楠 期货从业证号： F3013727 投资咨询证号： Z0014425 研究所 农产品研发报告 联系方式： :liuqiannan_qh@chinas tock.com.cn 苹果日报 第一部分 市场信息 | 现货价格 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指标 | 今日价格 | 上一工作日价 | 涨跌 | 指标 | 今日价格 | 上一工作日价 | 涨跌 | | 站 | | | | | | 格 | | | 富士苹果价格指数 | 107.18 | 107.61 | -0.43 | 洛川半商品纸袋70 | 3.85 | 3.85 | 0.00 | | 栖霞 一、二级纸袋 80 | #N/A | #N/A | #N/A | 沂源纸袋70 | 2.30 | 2.30 | 0.00 | | 蓬莱 一、二级纸袋 80 | 3.95 | 3.95 | 0.00 | 6种水果平均批发价 | 6.94 | 7.16 | -0.22 | | 期货价格 ...

1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View of the Report - The current late - Fuji apple inventory is at a relatively low level in recent years, which is reflected in the market, and price fluctuations have intensified. It is recommended that previous long positions can take profits, and new positions should wait and see for the time being [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the main apple futures contract is 8,919 yuan/ton, with a change of 1535; the main contract's open interest is 2,205 lots; the net long position of the top 20 futures holders is 135,556 lots, with a change of 19,058 lots [2] 3.2 Spot Market - The spot price of apples in Gansu Jingning (paper - bagged, above 75) is 5 yuan/jin; in Shandong Yiyuan (paper - bagged, above 75) is 2.3 yuan/jin; in Shaanxi Luochuan (paper - bagged, above 70) is 4.1 yuan/jin; in Shandong Yantai Qixia (paper - bagged, above 80) is 3.7 yuan/jin, with no change in all regions [2] 3.3 Upstream Situation - The national apple production is 5,128.51 million tons, with an increase of 168.34 million tons. The average wholesale price of apples is 9.46 yuan/kg, with a decrease of 0.07 yuan/kg; the average wholesale price of Fuji apples is 9.15 yuan/kg, with a decrease of 0.11 yuan/kg. The total national apple cold - storage inventory is 698.42 million tons. The storage capacity ratio in Shandong is 0.57, and in Shaanxi is 0.41. The monthly export volume of apples is 70,000 tons [2] 3.4 Industry Situation - The monthly import value of fresh and dried fruits and nuts is 6,917.9 million US dollars. The monthly export value of apples is 1,837,980 million US dollars, with an increase of 248,684.5 million US dollars. The profit of first - and second - grade paper - bagged 80 apple storage merchants is 0 yuan/jin [2] 3.5 Downstream Situation - The average wholesale price of tangerines is 6.74 yuan/kg, with a decrease of 0.56 yuan/kg; the wholesale price of bananas is 5.18 yuan/kg, with an increase of 0.1 yuan/kg; the wholesale price of watermelons is 5.48 yuan/kg, with an increase of 0.02 yuan/kg. The early - morning average daily truck arrivals at the Guangdong Jiangmen wholesale market is 16.2 vehicles, with an increase of 0.4 vehicles; at the Guangdong Xiaqiao wholesale market is 20.6 vehicles; at the Guangdong Chalong wholesale market is 27.6 vehicles, with an increase of 3 vehicles [2] 3.6 Option Market - The implied volatility of at - the - money call options for apples is 23.99%, with an increase of 1.49%; the implied volatility of at - the - money put options for apples is 23.98%, with an increase of 1.43% [2] 3.7 Industry News - The trading of ground - sourced apples in the western production areas is coming to an end, with the overall quality declining, and market merchants' enthusiasm for purchasing is okay, with little price change. In the Shandong production area, the supply of late - season Fuji apples is okay, but the quality is declining. Warehousing merchants have basically left, and most are purchased by small vendors and market merchants, with uneven quality and transactions based on quality [2] 3.8 Viewpoint Summary - As of November 5, 2025, the apple cold - storage inventory in the national main production areas is 698.42 million tons, 115.02 million tons lower than the same period last year. The storage capacity ratio in the Shandong production area is 41.03%, a year - on - year decrease of 13.42%; in the Shaanxi production area 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 poor fruit - surface quality, showing a trend of reduced production and quality. Shaanxi's warehousing is coming to an end, and the expected warehousing volume next week is the peak value [2]

Core Viewpoint - The article highlights the successful transformation of the apple industry in Shaanxi, driven by technological innovation and modern agricultural practices, leading to increased productivity and profitability for local farmers [1][2][3] Company Development - Shaanxi Meihaojiayuan Agricultural Technology Development Co., Ltd. has evolved from traditional apple farming to a modern integrated model, focusing on the fusion of primary, secondary, and tertiary industries [1] - The company has established a modern agricultural alliance, incorporating agricultural technology associations, family farms, cooperatives, and corporate entities to enhance the apple industry [1][2] Technological Innovation - The company has implemented smart monitoring and irrigation systems, as well as hail nets, to improve apple quality and yield [1] - Significant advancements in scientific planting and the breeding of new apple varieties have resulted in over 30 technological achievements, benefiting more than 50,000 acres of orchards [2] Economic Impact - The integration of deep processing has increased the value of apples by 3 to 5 times, allowing for products like chips, juice, and vinegar [1] - The agricultural alliance has created a core demonstration area of over 1,200 acres, directly benefiting more than 2,000 local families and achieving an annual output value exceeding 100 million yuan [2] Youth Engagement - The return of young people to the agricultural sector has been noted, with many now involved in e-commerce and cultural tourism initiatives [3] - The company aims to develop a national-level apple industry integration demonstration park, focusing on advanced variety research and high-value processing lines [3] Industry Growth - The Shaanxi apple industry has created nearly 10 million jobs, with a total industry chain output value of 140 billion yuan [3] - The region is transitioning from traditional farming to modern agricultural practices, showcasing a successful model of rural modernization [3]

Core Insights - The Gannan navel orange harvest officially began on November 1, with over 1.9 million acres of orchards in Jiangxi province [1] Group 1: Production and Yield - The weather this year has been favorable, leading to a 20% increase in navel orange production compared to previous years, with sweetness levels above 12 [3] - The total planting area for navel oranges this year is 1.94 million acres, resulting in an estimated production of approximately 1.93 million tons [14] Group 2: Market and Sales - Current market prices for navel oranges range from 1.6 to 1.9 yuan per pound, with farmers expecting an income of around 100,000 yuan after selling their harvest [7] - On the first day of sales, 320,000 pounds of overseas orders were received, with an expected monthly output of 7 million pounds, representing a 30% increase compared to the same period last year [11] Group 3: Logistics and Technology - The use of drones for transporting oranges from the mountains has significantly reduced transport time from 20 minutes to just 1 minute, with each drone capable of carrying over 5 tons daily [9] Group 4: Export and International Market - There is a growing focus on expanding sales channels, particularly in international markets, with increasing orders from Southeast Asia, the Middle East, and Central Asia [12]

Core Viewpoint - The harvesting season for Gannan navel oranges has begun, showcasing a bountiful yield and attracting tourists to participate in the picking experience [1][2] Group 1: Production and Harvesting - Gannan navel oranges officially started harvesting on November 1, with various orchards in Ganzhou City entering the picking phase [1] - In Anyuan County, a major production area, the expected yield for this year is 304,600 tons, with a projected output value exceeding 3 billion yuan [1] - A new agricultural transport innovation, the "mountain rail car," has significantly improved the efficiency of transporting oranges from steep slopes, saving farmers over 10,000 yuan annually in transport costs [1] Group 2: Industry Development - Ganzhou is recognized as the "World Orange Town," with strategic initiatives since the 1980s aimed at developing a comprehensive navel orange industry, including cultivation, processing, and logistics [2] - The Gannan navel orange industry has seen continuous expansion, with projections indicating a planting area of 1.94 million acres and a brand value of 69.294 billion yuan by 2025 [2] - Gannan navel oranges have maintained the top position in regional brand fruit categories in China for 11 consecutive years [2]

Core Insights - The article highlights the brand renewal and launch event of the blueberry brand "Zhenmeihao" by Aimeizhuang Agricultural Group, emphasizing its strategic partnership with Xinfadi Runfuyuan in Beijing [1] - Aimeizhuang Agricultural Group has an annual blueberry production capacity of 50,000 tons, with approximately 3,000 tons sold in the Beijing market [1] - The domestic blueberry industry in China has rapidly developed, with the planting area expected to exceed 1.4 million acres by 2024, making China the largest producer globally [1] Company Overview - Aimeizhuang Agricultural Group has established a complete blueberry industry chain and is recognized as a leader in the Yunnan blueberry industry [1] - The brand "Zhenmeihao" is set to leverage Aimeizhuang's strong industry advantages to enter the market with a renewed approach [1] Market Trends - The demand for high-quality fruits among young consumers is increasing, prompting the market to push for better quality fruits in Beijing [1] - The trading volume of blueberries in major domestic wholesale markets continues to show strong growth [1]