China’s Fruit Market Collapses, Prices Can’t Cover Fertilizer, Stuck in No-Sale, No-Buy Deadlock.

Cherry growers in Yantai, Shandong, are facing heavy losses this year. Prices for cherries have dropped so drastically that they no longer even cover the cost of fertilizer. In fact, cherries are now cheaper than pork, so farmers would even save more money by feeding them to pigs. Around 50,000 kilograms of cherries remain unsold in the area, leaving farmers desperate to break even.

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