市场要闻与重要数据 果蔬品日报 | 2026-02-25 期货方面，昨日收盘苹果2605合约9705元/吨，较前一日变动-130元/吨，幅度-1.32%。现货方面，山东栖霞80# 一 二级晚富士价格4.00元/斤，较前一日变动+0.00元/斤，现货基差AP05-1705，较前一日变动+130；陕西洛川70# 以 上半商品晚富士价格4.20元/斤，较前一日变动+0.00元/斤，现货基差AP05-1305，较前一日变动+130。 苹果节后旺季延续，红枣步入传统淡季 苹果观点 近期市场资讯，苹果产地冷库陆续复工，初三、初四开始客商零星补货，多以客商包装自存货源少量补充市场为 主，调果农货零星，成交价格维持稳定。销区市场礼盒及筐装苹果销售尚可，年后到车量有所下降。栖霞80#一二 级片红果农货3.2-4.5元/斤，80#统货2.5-3元/斤附近。陕西洛川产区果农统货出库价格3.5-4.0元/斤，半商品出库价 格4.0-4.3元/斤。甘肃产区静宁果农半商品5-6元/斤，果农一般通货出库价格3.7-5元/斤不等。春节期间市场消费整 体表现平稳，礼盒类销售整体尚可。目前产区复工后成交不多，持续关注客商节后补货行为，预计短期春 ...

Core Viewpoint - The article highlights the increasing curiosity of foreign netizens about China, particularly regarding its agricultural advancements, specifically the diversity and stability of fruit and vegetable supply in the country [2][3]. Group 1: Agricultural Supply and Diversity - In 2023, the per capita vegetable consumption in China reached 588 kilograms, achieving year-round balanced supply, while per capita fruit consumption was 232 kilograms, significantly exceeding the global average [3]. - The "vegetable basket" project, initiated in 1988, aims to alleviate the supply tension of vegetables, meat, eggs, and dairy products, with a detailed assessment system established in 2017 to ensure accountability [4][6]. - China's agricultural strategy has led to the establishment of six major vegetable production areas, ensuring that at least three regions can supply vegetables in every season [7]. Group 2: Technological Advancements in Agriculture - Facility agriculture now accounts for one-third of China's total vegetable production, utilizing advanced technologies such as smart systems for real-time monitoring and control of growing conditions [8]. - The domestic seed market has over 91% market share, with significant advancements in breeding new vegetable varieties, including those developed through space breeding techniques [8]. Group 3: Transportation and Consumption Trends - The transportation strategy of "south vegetables north transport" and "north vegetables south transport" helps stabilize agricultural product supply across regions [8]. - The optimization of customs regulations has facilitated faster import of foreign fruits, enriching the variety available to Chinese consumers [9].

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - This week, the price of the Apple Futures Contract 2605 declined, with a weekly drop of approximately 1.53%. The apple - producing areas have started the Spring Festival stocking, but the overall stocking atmosphere is rather weak. As of January 14, 2026, the cold - storage inventory of apples in the main producing areas across the country was 7.0466 billion tons, a decrease of 162,500 tons from the previous week. The inventory - removal speed accelerated compared to the previous week, but it was still lower than the same period last year. The market in the sales areas has slow movement, with overstocked transit warehouses and few customers. The apple futures price may run weakly in the short term. [4][10] 3. Summary by Relevant Catalog 3.1. Week - to - Week Highlights Summary - The price of the Apple Futures Contract 2605 dropped this week, with a weekly decline of about 1.53%. The apple - producing areas are in the Spring - Festival stocking period, but the atmosphere is light. The national main - producing - area cold - storage inventory decreased by 162,500 tons week - on - week as of January 14, 2026, with an accelerated but still below - last - year - level de - stocking speed. The sales in the Shandong producing area slightly accelerated but remained sluggish, and the de - stocking in Shaanxi also increased slightly. The sales area has overstocked transit warehouses and slow movement. The apple futures price may be weak in the short term. [4] 3.2. Futures and Spot Markets 3.2.1. Futures Market - The price of the Apple Futures Contract 2605 fell by about 1.53% this week. As of this week, the net position of the top 20 in apple futures was 2,688 lots, and the number of apple futures warrants was 0. [10][17] 3.2.2. Spot Market - As of January 16, 2026, the mainstream price of 80 and above first - and second - grade fruit - grower goods of bagged Red Fuji in Qixia, Yantai, Shandong was 3.7 yuan per catty, and the price of bagged Fuji apples of 75 and above in Yiyuan, Shandong was 2.40 yuan per catty. [20] 3.3. Industry Situation and Options 3.3.1. Industry Chain Situation - **Supply Side**: As of January 14, 2026, the cold - storage inventory of apples in the main producing areas across the country was 7.0466 billion tons, a week - on - week decrease of 162,500 tons. The de - stocking speed accelerated compared to last week but was still lower than the same period last year. The storage capacity ratio in the Shandong producing area was 51.17%, a decrease of 0.68% from last week, and that in the Shaanxi producing area was 54.32%, a decrease of 1.03% from last week. [25] - **Demand Side**: - As of January 15, the average daily number of early - morning arriving vehicles at the main apple wholesale markets in Guangdong increased, and the profit of 80 first - and second - grade apple storers was suspended (represented by 0). [29] - As of January 9, 2026, the average wholesale price of all apple varieties was 9.33 yuan per kilogram, a week - on - week decrease of 0.10 yuan per kilogram, and the wholesale price of Fuji apples was 9.17 yuan per kilogram, a week - on - week increase of 0.01 yuan per kilogram. [33] - As of January 9, 2026, the weekly average wholesale price of 5 types of fruits (including Fuji apples, bananas, grapes, pears, and watermelons) was 7.80 yuan per kilogram, a week - on - week increase of 0.03 yuan per kilogram. [37] - In November 2025, China's fresh - apple exports totaled about 121,600 tons, with an export value of 123,853,780 US dollars and an average export price of 1,018.09 US dollars per ton. The export volume increased by 51.24% month - on - month compared to October and 12.38% year - on - year compared to November 2024. [40] 3.3.2. Options Market - No specific analysis content provided, only mentioned the implied volatility of at - the - money apple options this week. [41] 3.4. Futures - Stock Correlation - Only the price - to - earnings ratio chart of Honghui Fruit & Vegetable was presented, without specific analysis. [43]

Core Viewpoint - The article highlights the efforts of the State Grid Xinjiang Electric Power Akesu Supply Company to ensure reliable electricity supply for the apple industry in Akesu, particularly during the peak sales season, by enhancing power infrastructure and monitoring electricity usage [1] Group 1: Company Initiatives - The company has increased investment in the distribution network construction in key production areas, completing a total of 26 distribution network infrastructure projects to meet the electricity demand of the apple industry [1] - The company conducts load monitoring and safety electricity usage promotion in e-commerce industrial parks, cooperatives, and express delivery points to enhance power supply stability [1] - A dedicated service team from the company is optimizing cooling equipment operation strategies based on electricity usage data and "energy efficiency bills" to help businesses reduce costs through effective use of peak and off-peak electricity pricing [1] Group 2: Industry Impact - The apple industry in Akesu is experiencing an upgrade, leading to an increased reliance on electricity across planting, processing, and sales stages [1] - The proactive measures taken by the company are aimed at supporting the local apple enterprises in expanding their market reach, ensuring that essential equipment like sorting machines and cold storage systems are thoroughly checked for electrical safety [1]

Core Insights - The article highlights the rising popularity and market potential of blueberries and cherry tomatoes as healthy snack options, particularly among fitness enthusiasts and urban consumers [5][10][12]. Market Trends - Blueberries and cherry tomatoes have seen a significant increase in market sales, becoming some of the highest repurchased fruit and vegetable products [7][8]. - For instance, the American blueberry brand "Fruitist" has achieved annual sales exceeding $400 million, with a threefold growth in the past year [7]. - The domestic brand "Yike Da" has surpassed 1 billion yuan in sales within a year, with a 50% repurchase rate [7][15]. Consumer Preferences - The nutritional advantages of blueberries and cherry tomatoes, such as high vitamin C content and low glycemic index (GI), cater to the dietary needs of health-conscious consumers [5][25]. - The convenience of these snacks, requiring no preparation and being easy to carry, aligns with the fast-paced lifestyle of urban dwellers [10][17]. Social Media Influence - Blueberries and cherry tomatoes have become popular on social media, often featured in fitness influencers' content, which enhances their visibility and desirability [12][18]. - The trend of "light food" is not only a dietary choice but also a social statement, as consumers seek to project a healthy lifestyle [17][32]. Industry Innovations - The success of blueberries and cherry tomatoes has spurred the development of processed products, such as berry snacks and tomato juice, which are positioned as healthier alternatives to traditional snacks [19][36]. - Brands are increasingly focusing on specific health benefits, such as antioxidant properties and low GI, to attract consumers [26][36]. Future Projections - The demand for blueberries in China is expected to reach 30 billion yuan by 2025, indicating a robust growth trajectory for this segment [14]. - The shift towards low GI fruits is reshaping consumer preferences, moving away from high-sugar fruits to healthier options like blueberries and cherry tomatoes [34][36].

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - This week, the price of the Apple Futures 2601 contract declined, with a weekly drop of approximately 2.14%. The new - season late Fuji ground trading is gradually ending, concentrated in Shandong and Shanxi production areas. As of November 5, 2025, the cold - storage inventory of apples in the main producing areas nationwide is 6.9842 billion tons, 1.1502 billion tons lower than the same period last year. The current inventory level of late Fuji is relatively low in recent years, and price fluctuations have intensified. It is recommended to wait and see for the Apple 2601 contract in the short term [4][9]. 3. Summary by Directory 3.1 Week - to - Week Highlights - **Market Review**: The price of the Apple Futures 2601 contract dropped this week, with a weekly decline of about 2.14% [4][9]. - **Market Outlook**: New - season late Fuji ground trading is winding up, mainly in Shandong and Shanxi. As of November 5, 2025, the national cold - storage inventory is 6.9842 billion tons, lower than last year. Shandong has a 41.03% storage capacity ratio, down 13.42% year - on - year, and Shaanxi has a 56.81% ratio, down 10.77% year - on - year. Shandong's new - season late - maturing Fuji shows a trend of reduced yield and quality. Shaanxi's inventory is nearing completion, and the peak inventory is expected next week. The current late - Fuji inventory is at a relatively low level in recent years, and price fluctuations have increased [4]. - **Strategy Recommendation**: It is advisable to wait and see for the Apple 2601 contract in the short term [4]. - **Future Trading Tips**: Monitor the price of late - maturing Fuji and consumption [4]. 3.2 Futures and Spot Markets - **Futures Market**: The price of the Apple Futures 2601 contract fell by about 2.14% this week. As of the end of the week, the net position of the top 20 in apple futures was 7330 lots, and the number of apple futures warehouse receipts was 0 [9][15]. - **Spot Market**: As of November 7, 2025, the mainstream price of 80 and above first - and second - grade fruit farmer goods of bagged red Fuji in Qixia, Yantai, Shandong was 3.7 yuan per catty, and the price of bagged 75 and above Fuji apples in Yiyuan, Shandong was 2.30 yuan per catty [19]. 3.3 Industry Situation and Options - **Supply Side**: As of November 5, 2025, the cold - storage inventory of apples in the main producing areas nationwide was 6.9842 billion tons, 1.1502 billion tons lower than the same period last year. The storage capacity ratio in Shandong was 41.03%, down 13.42% year - on - year, and in Shaanxi was 56.81%, down 10.77% year - on - year [25]. - **Demand Side** - **Wholesale Market Arrival**: As of November 6, the average daily early - morning arrival of vehicles at major apple wholesale markets in Guangdong decreased. The profit of 80 first - and second - grade apple storage merchants was suspended (represented by 0) [29]. - **Wholesale Price**: As of October 31, 2025, the wholesale price of all apple varieties was 9.46 yuan per kilogram, down 0.07 yuan per kilogram from the previous week; the wholesale price of Fuji apples was 9.15 yuan per kilogram, down 0.11 yuan per kilogram from the previous week [33]. - **Substitute Situation**: As of October 31, 2025, the weekly average wholesale price of 5 kinds of fruits (including Fuji apples, bananas, grapes, pears, and watermelons) was 7.07 yuan per kilogram, up 0.03 yuan per kilogram from the previous week [37]. - **Export Volume**: In September 2025, China's fresh apple exports were about 70,800 tons, with an export value of 69,178,601 US dollars and an average export price of 977.40 US dollars per ton. The export volume increased by 3.51% month - on - month compared with August and decreased by 6.36% year - on - year compared with September 2024. From January to September 2025, China's fresh apple exports totaled 600,000 tons, a cumulative year - on - year decrease of 7.50% [41]. - **Options Market**: Information about the implied volatility of at - the - money options for apples this week is presented in a chart, but specific data is not described in text [42]. 3.4 Futures - Stock Correlation - **Stock Market - Honghui Fruit & Vegetable**: A chart shows the price - to - earnings ratio of Honghui Fruit & Vegetable, but no specific analysis is provided [44].

Core Viewpoint - The event held in Nanjing aimed to promote the sales and distribution of Hainan's tropical fruits and vegetables, showcasing the region's agricultural products and fostering partnerships with local buyers [1] Group 1: Event Overview - The event was co-hosted by Hainan Provincial Supply and Marketing Cooperative, Hainan Provincial Department of Agriculture and Rural Affairs, Hainan Provincial Department of Commerce, and Hainan Agricultural Reclamation Investment Holding Group [1] - It featured participation from supply systems and numerous excellent planting enterprises and cooperatives from ten major fruit and vegetable production areas in Hainan [1] Group 2: Product Showcase - Nearly a hundred varieties of high-quality tropical fruits and vegetables from Hainan were displayed, including mangoes, melons, wax apples, dragon fruits, and premium winter melons [1] - The event utilized product tasting, base connections, special promotions, and targeted negotiations to highlight the unique appeal of "Hainan Fresh Products" [1] Group 3: Strategic Partnerships - A strategic cooperation agreement was signed between Hainan Supply Group Co., Ltd. and Nanjing Agricultural and Sideline Products Logistics Distribution Center Co., Ltd., establishing a long-term cooperation mechanism across regions [1] - The total signed procurement amount reached 28 million yuan [1] Group 4: Market Insights - The Hainan supplier delegation conducted an on-site inspection of the Nanjing Agricultural and Sideline Products Logistics Distribution Center, recognizing its significant market scale and efficient distribution system [1]

Core Viewpoint - The event in Nanjing focused on promoting Hainan's tropical fruits and vegetables, facilitating collaboration between suppliers from Hainan and buyers from Jiangsu province, aiming to enhance market presence and sales channels for Hainan's agricultural products [1] Group 1: Event Overview - The "Hainan Tropical Fruits and Vegetables (Nanjing) Production and Marketing Connection and Investment Promotion Event" took place at the Nanjing Agricultural Products Logistics Center, gathering suppliers from Hainan and buyers from Jiangsu [1] - The event showcased nearly 100 types of seasonal high-quality tropical fruits and vegetables from Hainan, including durian, wax apple, and winter melons, through product tasting and targeted negotiations [1] Group 2: Strategic Collaborations - A strategic cooperation agreement was signed between Hainan Supply and Marketing Group Co., Ltd. and Nanjing Agricultural Products Logistics Distribution Center Co., Ltd. to establish a long-term cooperation mechanism [1] - Four purchasing companies, including Jiangsu Laifa Fruit Industry Co., Ltd., reached nearly 30 million yuan in cooperation agreements with four supplying companies from Hainan [1] Group 3: Market Impact - The Nanjing Agricultural Products Logistics Center aims to leverage its position as a key commercial logistics hub in the Yangtze River Delta to expand sales channels for Hainan's tropical fruits and vegetables in East China [1] - The initiative is expected to enhance the brand influence of "Hainan Fresh Products," increase farmers' income, and contribute to market supply [1]

Group 1 - The company, Honghui Fruits and Vegetables, has a supply and sales cooperation with Mixue Ice City, primarily involving lemons [1] - The business with Mixue Ice City accounts for less than 1% of the company's overall operations [1]