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2022 Edamame market Initial report
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2022 Edamame market Initial report

Jun 14, 2022

2022 Edamame market Initial report

 

1.Origin of Edamame summary：

 

Shandong

Zhejiang

Fujian

Pest Risk

Low

Low

High

Harvest Time

Early July - Early August

Late June - Early July

Early June - Early July

Brix

9%-10%

9%-10%

10%-11%

Color

Light-green

Green

Green

Market Share

50%

30%

10%

Mark: Because of the climatic reasons, the harvest time might postpone about 7-10 days in Zhejiang and Fujian.

2. Quality：Edamame quality in Zhejiang is best. Our raw material mainly come from Zhejiang

♦ The climate is suitable, and the overall growth of edamame is good.

♦ Pest problems are under well control.

♦ If there is no typhoon weather in the future, the quality can still develop in a good direction

3. Total Output：About 15% Less than last year

♦ Panting area ↓ Due to the epidemic, some lands for growing edamame have been changed to wheat and rice. (The government has subsidies for the food industry, edamame belongs to the cash crop)

(Take Cixi Changhe Town as an example: Previous 10,000 mu of planting areas for edamame, of which more than 10% has been converted into paddy fields)

 

♦ Yield per mu → The overall climate is good and the pests are well controlled

 

4. Price prediction：About 10% rise in the future

Factors Affecting Future Prices

Impact on future prices

Labor costs increase

↑

Reduction in planting area

↑

Overall production decrease

↑

Affected by the epidemic, domestic demand in Chinese restaurants has decreased

↓

Affected by the epidemic, Japanese izakaya demand has decreased

↓

Exchange rate USD/RMB rises

↓
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