On November 1, 2021, the latest average price of Hainan betel nut green fruit[1] acquisition was 27.07 yuan / catty[2], an overall increase of 0.12 yuan from yesterday, roughly around 24.5 ~ 28.7 yuan.
Betel nut purchase price and retail price in November
Acquisition market: The price of betel nut began to continue its rally in November, with the highest price exceeding 28.5 yuan a catty.
Retail market: the price of raw fruit (large) is 10 yuan for 3 pieces, and the price of raw fruit (small) is 10 yuan for 4 to 6 pieces.
Betel nut seedling market: from more than 2 yuan per plant in the previous two years to about 13 yuan now.
Betel nut price trend forecast for November
It is understood that at present, Hainan Ledong and other cities and counties betel nut picking has gradually entered the tail stage, although Wuzhishan, Baoting, Qiong and other places of betel nut has begun to lay down on a large scale, but the output can not meet the current market demand, betel nut "shortage" situation will continue.
Judging from the current oversupply situation in the market, it is expected that the price of betel nut will continue to run at a high level in November.
The average price on November 1 was:
Haikou 27.9 yuan / jin;
Chengmai 27.8 yuan / jin;
Wenchang 27.8 yuan /jin;
Ding'an 27.4 yuan / jin;
Tunchang 27.1 yuan/jin;
Sanya 26.0 yuan / jin;
Ledong 26.8 yuan / jin;
Qiongzhong 27.1 yuan /jin;
Qionghai 27.3 yuan / jin;
Baoting 26.2 yuan / jin;
Wanning 27.1 yuan / jin;
Lingshui 26.0 yuan / jin;
Wuzhishan 27.3 yuan / jin;
Other cities and counties 27.2 yuan / catty.
Note: The above prices are for reference only. It should be noted that the price of the ground, the car and the factory will be different, in addition, the quality of the fruit, the amount of picking, etc. are also factors that affect the price.