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May 25, 2017

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Prices of apples, kiwis and nectarines plummet in market after cut to duty

TAIPEI -- Imported apples, nectarines and kiwi fruits sold on the Taiwan market have become cheaper this week thanks to a recent reduction in import duties, Vice Premier Jiang Yi-huah 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 is 3.8 percent lower, 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 starting Oct. 5, a temporary measure taken by the government to lower fruit prices.

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