Schreiber Foods International, Inc.
Importers of Ambrosia® and Other Fine Brands
800-631-7070 • 201-327-3535

Conflicting Reports: Frost Damage on Apple Crop in China

Conflicting Reports: Frost Damage on Apple Crop in China

It has been reported that during the early days of April, freezing temperatures have affected the north and western regions of China and could have affected part of this  years’ apple supply. However, this region only accounts for a small percentage of the total production and if there are no further surprises, the apple raw material market for canning should be similar to last year.

While the fruit raw material market should remain similar to last year, we are expecting a slight increase in prices to the final products due to the FX rate (a decline of the USD, from 6.60 to 6.33 RMB/$1.00, about a 5% decline)  and higher prices on tinplate and cardboard.

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