China Tropical insights

For the third consecutive week, the total volume of avocados in the United States is down, while prices are up for virtually all sizes.

The price of Vietnamese areca nuts exported to the billion-people market skyrocketed when a large output of areca nuts grown on Hainan Island was damaged by a storm. As soon as the supply in China recovered, the price of areca nuts quickly plummeted.

Recently, a batch of durian originating from Thailand successfully cleared customs in Chengdu for the first time using the cross-border e-commerce "1210 bonded stocking" model. This is the first time that the southwest region has adopted this model to import fresh durian. The imported durian comes from Thailand and is shipped to the airport by air and then to the Chengdu International Railway Port Comprehensive Bonded Zone. It is shipped directly from the bonded warehouse of the Railway Port Comprehensive Bonded Zone to ensure that consumers can enjoy 48-hour ultra-fast delivery. Before this, the import business of fresh fruit products in the southwest region has always adopted the general trade model, that is, after taxation, it is distributed to various markets for sales. This time, Sichuan Shangtou Investment Company tried to adopt the "1210 bonded stocking" model, and the durian imported from Thailand was stored in the Qingbaijiang Bonded Zone in a bonded form. After consumers place an order and pay on the e-commerce platform, the product can go through the exit procedures and be delivered directly from the bonded warehouse to consumers in the form of express parcels, effectively improving the circulation time of durian and other fruits from the place of origin to the table. This model has many advantages: in terms of logistics timeliness, the goods are stored in domestic bonded warehouses in advance, and the goods are shipped directly from the bonded warehouses after consumers place an order, avoiding international transportation. In terms of cost, enterprises centrally purchase and transport durian in batches to bonded warehouses, which reduces the cost of goods procurement and logistics. At the same time, consumers can enjoy tariff-free and 30% discount on value-added tax, and can buy durian at a more affordable price. In terms of quality assurance, the goods are strictly monitored during import customs clearance, inspection and quarantine, ensuring the quality of durian and the interests of consumers. In terms of capital turnover, enterprises do not need to pay all taxes and fees at one time when importing, but pay the corresponding taxes after the goods are sold, which reduces the pressure on funds and improves the capital turnover rate. Enterprises engaged in bonded stocking business must have relevant cross-border e-commerce qualifications, and enterprises must file the information of imported durian products with the customs, including varieties, origin, quantity, value, etc. Enterprises must connect data with the customs' unified version of cross-border e-commerce import information system, and timely transmit order, payment, logistics and other information for customs supervision.