Core Insights - Recently, Jiangxi Province approved 67 new products, including Majia pomelo, Taihe black chicken, Jingdezhen porcelain, and Lushan cloud tea, allowing 640 enterprises to use geographical indication special marks [1] - Jiangxi Province has integrated geographical indication protection with regional brand development as a key strategy for promoting local特色经济发展 [1] - The Jiangxi Provincial Market Supervision Administration (Intellectual Property Office) has organized professional service teams to assist enterprises in applying for and using geographical indication special marks, enhancing the quality and efficiency of the application process [1] - To date, a total of 1,136 enterprises in Jiangxi Province have been approved to use geographical indication special marks [1]

Core Viewpoint - The recent trade dispute between the U.S. and Brazil, initiated by a 50% tariff on various Brazilian imports, presents both challenges and opportunities for Chilean exports to the U.S. [1] Group 1: Trade Dispute Details - On July 30, U.S. President Trump signed an executive order imposing a 50% tariff on multiple products imported from Brazil [1] - The tariff affects 700 product categories, including civilian aircraft, energy, orange juice, precious metals, timber, and fertilizers, which account for 45% of Brazil's total exports to the U.S. [1] Group 2: Implications for Chile - Chilean analysts believe that the trade dispute provides a rare opportunity for Chile to increase its exports to the U.S. by substituting products previously imported from Brazil [1] - Chile can potentially boost its exports of coffee, meat products, and fruits to the U.S. as a result of Brazil's increased tariffs [1] Group 3: Competitive Landscape - Despite the opportunities, there is a risk that Brazil may export its products at lower prices to third countries, including Chile, to mitigate the impact of the tariffs [1] - This could lead to increased competition for similar products in the Chilean market, particularly in chicken and certain agricultural products [1]

Core Insights - The county market demonstrates strong consumer potential, with significant growth in both dining and non-dining orders on Taobao Flash Purchase in July [1][5] - Small and medium-sized businesses are seeing steady income increases, with over 57,000 non-dining small shops achieving record order volumes [1][5] - Recent policy directions emphasize the need to effectively unleash domestic demand potential, focusing on expanding goods consumption and nurturing new growth points in service consumption [1] Group 1: County Market Growth - In July, dining orders in counties like Hunan and Shandong saw over 10-fold growth compared to June, while non-dining orders in several counties also exceeded 10-fold growth [5] - Nighttime orders in county markets increased by an average of 70% compared to June, with top-performing counties being Jiangsu Kunshan and Zhejiang Yiwu [5] - The number of "ten-thousand order stores" in counties grew by 274% in July, indicating a significant increase in local business activity [5] Group 2: Consumer Preferences - County residents show a preference for leisure snacks, beverages, and cooling foods, with snack orders increasing by 126% and outdoor sports products by 114% in July [6] - The platform economy plays a crucial role in activating demand in lower-tier markets, contributing to the diversification of consumption patterns [6] Group 3: Expansion of Service Consumption - The entry of brands like VERO MODA and JACK & JONES into Taobao Flash Purchase has resulted in significant order increases, with some brands seeing daily orders grow by 5 times [7] - Over 12,000 non-dining physical stores joined Taobao Flash Purchase in July, with brands like Moutai and Xiaomi reporting record order volumes [8] Group 4: Local Brand Performance - Local brands such as "Longjiang Good Days" in Mudanjiang and "Guobai Fruit" in Wuhu have seen daily order increases of over 5 times and 104% respectively after joining Taobao Flash Purchase [9] - The integration of local brands into the platform has led to substantial revenue growth, with some stores reporting order increases of over 10 times [9] Group 5: Digital Transformation - The "Aoxiang" SaaS platform aids retailers in managing operations across multiple channels, significantly reducing operational costs for small and medium-sized businesses [10] - The number of stores using the "Aoxiang" system has increased by 17.6% since May, indicating a growing trend towards digitalization in retail [10] - The integration of Alibaba's supply chain resources into Taobao Flash Purchase enhances procurement efficiency and reduces stockouts for participating merchants [10]

Group 1: Report Industry Investment Rating - No information provided on the industry investment rating Group 2: Core Views of the Report - The price center of the Apple Futures October contract has oscillated upward, rising from around 7,600 - 7,700 yuan/ton to the current 7,800 - 8,000 yuan/ton. Low cold - storage apple inventory and high prices of early - maturing apples support the price [4][10]. - In August, the market is expected to trade on the impact of new - season apple prices on late - maturing Fuji prices, with a high probability of support. The downward space for the Apple Futures October contract is limited, and it is recommended to build long positions on dips [5][36]. - The overall trading strategy is to be bullish on dips for single - side trading and to wait and see for arbitrage [6]. Group 3: Summary by Directory Part 1: Preface Summary 1. Market Review - In July, apple prices remained high, with a slight decline in cold - storage Fuji prices at the end of July. The Apple Futures October contract price center oscillated upward. High prices of early - maturing apples are expected to support late - maturing Fuji prices. Shandong and Shaanxi apple prices are higher than last year [4][10]. 2. Market Outlook - Low inventory of this season's apples will support the opening prices of early - maturing apples like Gala. Uncertainty about the new - season apple yield is a potential positive factor for futures prices. The Apple Futures October contract is expected to have limited downward space in August [5]. 3. Strategy Recommendation - Single - side trading: Adopt a bullish - on - dips approach. Arbitrage: Wait and see [6] Part 2: Fundamental Situation 1. Market Review - In July, apple prices were high at first and then declined slightly. The price center of the Apple Futures October contract moved up. Apple prices are expected to remain relatively high in August with the large - scale listing of early - maturing apples [10]. 2. Low Apple Inventory - As of July 25, 2025, the national main - producing area apple cold - storage inventory was 704,500 tons, a significant year - on - year decrease. In August, cold - storage apple inventory is expected to remain at a historically low level [13]. 3. New - Season Apple Expectations - Most early - maturing apple varieties' transaction prices are higher than last year. The new - season Shaanxi apple output may be lower than expected, and the overall new - season apple output may not change much compared to the old season. The initial purchase price of late - maturing Fuji is expected to be high but will decline later [18][20]. 4. Apple Demand in the Off - season - In July, cold - storage apple shipments were low, and terminal market demand was in the off - season. In August, cold - storage apple shipments and terminal daily arrivals are expected to remain low [21][22]. 5. Import and Export Situation - In June 2025, the export volume of fresh apples decreased month - on - month and year - on - year, while the import volume increased. In July, the export volume is expected to increase slightly, and the import volume is expected to decrease [28]. 6. Substitute Situation - In July, watermelon prices continued to fall, and the prices of six key - monitored fruits also declined. In August, the prices of these fruits are expected to decline further [31] Part 3: Future Outlook and Strategy Recommendation - On the supply side, cold - storage inventory is at a low level, and new - season apples are gradually being listed. On the demand side, apple demand is expected to improve in mid - August. The low inventory of this season's apples and uncertain new - season yields support futures prices, and it is recommended to build long positions on dips [34][36]

Group 1: Report General Information - Report title: Apple Daily Report [2] - Date: July 29, 2024 [2] - Researcher: Liu Qiannan [2] Group 2: Market Information Spot Prices - Fuji apple price index: 110.58, down 0.76 from the previous trading day [3] - 6 - fruit average wholesale price: 7.16, up 0.02 from the previous trading day [3] Futures Prices - AP01: 7792, down 103 from yesterday's close [3] - AP05: 7846, down 61 from yesterday's close [3] - AP10: 7908, down 144 from yesterday's close [3] Basis - Qixia first - and second - grade 80 - AP01: 108, up 103 from the previous trading day [3] - Qixia first - and second - grade 80 - AP05: 54, up 61 from the previous trading day [3] - Qixia first - and second - grade 80 - AP10: - 8.0, up 144 from the previous trading day [3] Group 3: Market News and Views Apple Market News - As of July 23, 2025, the cold - storage inventory of apples in major producing areas was 70.45 tons, a decrease of 10.15 tons from last week, with similar shipment speed and basically the same as last year [4] - In June 2025, the import volume of fresh apples was 1.87 tons, a month - on - month increase of 5.32% and a year - on - year increase of 6.37%. The cumulative import volume from January to June 2025 was 6.90 tons, a year - on - year increase of 36.63%. The export volume in June 2025 was about 3.70 tons, a month - on - month decrease of 18.62% and a year - on - year decrease of 38.55% [6] - Yesterday, the overall apple market in the producing areas was stable, with stable prices. Cold - storage merchants were still highly motivated to ship, and the number of purchasing merchants increased slightly. The quality of early - maturing apples in the western producing areas was average, and prices varied greatly according to quality [6] - In the 2024 - 2025 production season, the profit of Qixia 80 first - and second - grade storage merchants was 0.7 yuan/jin, a decrease of 0.1 yuan/jin from last week [6] - The mainstream price of apples in Qixia, Shandong was stable. The price of 80 and above first - and second - grade fruit farmer's film - red apples was 3.0 - 3.8 yuan/jin, and striped apples were 3.0 - 4.2 yuan/jin. Merchants' film - red apples were 3.8 - 4.2 yuan/jin, and striped apples were 3.8 - 4.8 yuan/jin. The mainstream price of 70 fruit was 2.5 - 2.7 yuan/jin, and the third - grade fruit was 2.5 - 2.6 yuan/jin, with the uniform - grade goods priced at 3.0 - 3.3 yuan/jin [7] Trading Logic - In the spot market, the current inventory is low, the market demand is in the off - season, and the spot shipment is average. The new - season apple production is expected to change little from this season. Before the new - season apples are listed, the supply is low and the demand is weak, with little supply - demand contradiction, and the short - term trend is expected to be volatile [8] Trading Strategies - Unilateral: Generally, adopt a long - on - dips strategy [9] - Arbitrage: It is recommended to wait and see [9] - Options: Sell put options [9] Group 4: Related Attachments - There are 10 related figures in the report, including the price of Qixia first - and second - grade paper - bag 80 apples, the price of Luochuan semi - commercial paper - bag 70 apples, the basis of AP contracts, the spread between different AP contracts, the arrival volume of apples in wholesale markets, 6 - fruit prices, national cold - storage apple inventory, and national cold - storage apple shipment volume [13][15][21]

Core Viewpoint - The announcement of a 50% tariff on Brazilian products by the United States has led to significant disruptions in Brazil's export of fruits and other goods, with approximately 2,500 containers awaiting resolution [1] Group 1: Impact on Exports - Approximately 77,000 tons of fruits are currently waiting to be exported to the United States, which is enough to supply a large city in Brazil for a year [1] - The tariff issue has resulted in a halt to the transportation of fruits, fish, grains, and meat from Brazil, posing risks of spoilage or selling below market prices [1]

Report Industry Investment Rating - Both the apple and red date industries are rated as neutral [4][8] Core Viewpoints - For the apple industry, due to the low remaining inventory at the production areas and the expected new - season production being similar to last year, the apple fundamentals have no prominent contradictions, and the short - term price is expected to remain stable. Attention should be paid to the price trend of early - maturing varieties and weather conditions [4] - For the red date industry, as it is at the annual consumption low, with both futures and spot prices at historical lows, light spot trading, high inventory, and high sensitivity of funds to the new - season growth, chasing long positions requires caution, and close attention should be paid to the new - season growth [8] Market News and Important Data Apple - Futures: The closing price of the apple 2510 contract yesterday was 7835 yuan/ton, a change of - 5 yuan/ton (- 0.06%) from the previous day [1] - Spot: The price of Shandong Qixia 80 first - and second - grade late Fuji was 3.95 yuan/jin, unchanged from the previous day, with a spot basis of AP10 + 65, a change of + 5 from the previous day. The price of Shaanxi Luochuan 70 and above semi - commercial late Fuji was 4.80 yuan/jin, unchanged from the previous day, with a spot basis of AP10 + 1765, a change of + 5 from the previous day [1] Red Date - Futures: The closing price of the red date 2601 contract yesterday was 10380 yuan/ton, a change of + 15 yuan/ton (+ 0.14%) from the previous day [6] - Spot: The price of first - grade gray jujubes in Hebei was 8.60 yuan/kg, unchanged from the previous day, with a spot basis of CJ01 - 1780, a change of - 15 from the previous day [6] Market Analysis Apple - Production Areas: The national main production areas' weekly shipment speed was similar to the previous week and slower than the same period last year, and the current inventory is at a five - year low. Different production areas had different situations. For example, in Shandong, some prices of general and lower - grade goods decreased slightly but with limited transactions; in Shaanxi, the transaction was stable and light with limited remaining goods; in Gansu, the shipment slowed down; and some secondary production areas were in the clearing stage [3] - Sales Areas: The number of trucks arriving at the Guangdong wholesale market decreased slightly. Seasonal fruits had a significant impact, and the terminal digestion slowed down, with second - and third - level wholesalers purchasing as needed [3] Red Date - Production Areas: The main production areas' jujube trees are in the flowering and fruit - setting stage. Some orchards had average first - flower fruit - setting, and there is a potential yield reduction expectation. The market has different views on the yield, and attention should be paid to the second - and third - flower fruit - setting [7] - Sales Areas: The total inventory is at a multi - year high, and it is the traditional off - season. Seasonal fruits' supply increases, and the tonic demand weakens. After the price increase, downstream purchases to replenish safety stocks as needed. The inventory of 36 sample points decreased slightly last week [7] Strategy Apple - Maintain a neutral strategy. Given the current situation, focus on the price trend of early - maturing varieties and weather conditions [4] Red Date - Adopt a neutral strategy. Be cautious when chasing long positions and closely monitor the new - season growth [8]

Core Insights - The peach market is experiencing a surge in consumption as the main production areas enter peak harvesting season, with significant sales growth observed in various peach varieties [1][2] - Key consumer demographics indicate that individuals aged 26 to 45 are the primary purchasers, with female consumers accounting for nearly 60% of sales [1][2] Group 1: Sales Performance - Overall sales of peaches are rising, with water peaches, oil peaches, and yellow peaches being the top three varieties by sales volume [1] - Certain varieties like eagle mouth peaches and golden flat peaches have shown remarkable growth, with year-on-year increases exceeding 700% [1] Group 2: Regional Insights - The top three sales regions for peaches are Shandong Linyi Mengyin, Jiangsu Wuxi Yangshan, and Sichuan Chengdu Longquanyi, with Mengyin peaches accounting for 16% of total sales [1] - Emerging markets in the western regions, such as Xinjiang, Hainan, and Tibet, are showing significant year-on-year sales growth due to improved cold chain logistics and supply chain capabilities [2] Group 3: Consumer Preferences - Key consumer preferences include "explosively sweet and juicy," "thin-skinned and juicy," and "freshly picked," indicating that taste, appearance, and freshness are critical factors influencing purchasing decisions [2] - There are distinct preferences between genders, with male consumers favoring crunchy varieties like winter snow peaches and blood peaches, while female consumers prefer aesthetically pleasing and sweet varieties like golden oil peaches and yellow peaches [1][2] Group 4: Market Trends - The peach industry is evolving with a focus on more refined and segmented offerings, emphasizing brand recognition based on regional characteristics and specific taste profiles [2]

Core Insights - The demand for lemons has surged this summer, becoming a key player in the consumption trend, despite rising raw material costs [1][2][3] Price Trends - The wholesale price of lemons has increased by over 60% year-on-year, with retail prices in Hangzhou exceeding 5 yuan per lemon [1][2] - The wholesale price for a box of Anju lemons has risen from approximately 80 yuan last year to 130-140 yuan this year due to reduced production and increased transportation and labor costs [2] - The average wholesale price of lemons reached 12.83 yuan per kilogram in June 2025, a 63% increase year-on-year and over 29% increase from April [2] Consumer Behavior - Despite price increases, consumer enthusiasm for lemons remains high, with many purchasing them for beverages [2][3] - Lemon tea products have seen a 41% increase in search volume on Tmall from May to June 2025, with several bottled tea drinks selling over 200,000 units monthly [3] - Social media has played a significant role in promoting lemon products, with over 77.4 million related posts on platforms like Xiaohongshu [3] Market Adaptations - Beverage and dessert shops are adapting to rising lemon costs by substituting fresh lemons with freeze-dried alternatives to control expenses [2] - Popular lemon-based drinks, such as lemon tea, are experiencing high sales, with some stores selling hundreds of cups daily [2][3]

Core Viewpoint - The event on June 29 aims to promote consumption and facilitate agricultural product sales in Qianxinan, Guizhou, featuring Huizhou lychee and other local products [5][10][18]. Group 1: Event Details - The consumption promotion and product sales matching event will take place at Jueshan Square in Qianxinan's Xingyi City [5]. - The event will feature over ten enterprises collaborating to provide a variety of consumer choices, including Huizhou lychee, which was favored by Su Dongpo [6][9]. - The event is part of the 2025 Guangdong-Guizhou cooperation to assist farmers [4]. Group 2: Promotional Activities - The event will include promotional activities with discounts such as "spend 10 get 5 off" and "spend 30 get 5 off" [10][11]. - A total of 300 coupons for each discount type will be distributed on-site, with specific booths designated for each coupon type [14][15]. - Coupons will be available on a first-come, first-served basis, and participants can only claim one coupon during the event [16][17].