Sat, Oct 13, 2012 - Page 3 News List

Fruit falls in price after import duty cut: market data

FRUIT DROPS:The cost of several popular varieties of the fresh produce have been pushed down by as much as 20 percent in some major retail outlets

Staff writer, with CNA

Imported apples, nectarines and kiwi fruits have all dropped in price this week on the local market thanks to a recent reduction in import duties, Vice Premier Jiang Yi-huah (江宜樺) said yesterday.

The wholesale price of nectarines and apples is down 14.2 percent and 12.3 percent respectively from last week, while the price of kiwi fruits dropped 3.8 percent, according to market data. The average wholesale price of fruit is now NT$39.4 per kilogram, down from NT$46.2 two weeks ago.

The price decreases followed a 50 percent reduction in import duties for the three kinds of fruit which started on Oct. 5, a temporary measure taken by the government in a bid to drive down prices.

Jiang, who serves concurrently as the convener of the Cabinet’s price stabilization task force, said the government hopes the step — which is expected to run for two months — will help lessen the financial burden on consumers.

According to the Council of Agriculture, major hypermarkets and supermarkets have both lowered their retail prices for the three fruits to reflect the tariff cut. RT-Mart, for example, has reduced the prices it charges for apples by 8 to 10 percent and kiwi fruits by 20 percent, while Carrefour has cut apple prices by 9 percent, the council said.

Taiwan Fresh Supermarket has decreased the price it charges for apples and kiwi fruit by 4 to 6 percent and 7 percent respectively.

Apples, nectarines and kiwi fruits being sold at Pxmart are now priced 7 percent, 2.5 percent and 15 percent lower than previously.

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