Voluntary Report - public distribution

**Date:** 3/20/2006

**GAIN Report Number:** CH6011

CH6011

**China, Peoples Republic of**

**Stone Fruit**

**Annual**

**2006**

**Approved by:**

![](media/image1.wmf)Maurice House

U.S. Embassy Beijing, Office of Agricultural Affairs

**Prepared by:**

Wu Bugang/Kevin Latner

**Report Highlights:**

Peach and nectarine production is forecast up 9 percent to 8.2 MMT in
MY2006 as plantings in the early 2000s begin bearing fruit. Apricot
production is forecast up 12 percent to 1.25 MMT, also attributable to
earlier plantings. Cherry production is forecast up 30 percent to
116,500 MT in MY2006, as a result of intensive plantings around 2001.
Trade in stone fruit remains low and unlikely to increase due to poor
distribution networks.

Includes PSD Changes: Yes

Includes Trade Matrix: Yes

Annual Report

Beijing \[CH1\]

\[CH\]

Table of Contents

[**Executive Summary 3**](#executive-summary)

[Production 4](#production)

[Increased Plantings Build Peach Production
4](#increased-plantings-build-peach-production)

[Apricots Develop Fast in Northwestern China
4](#apricots-develop-fast-in-northwestern-china)

[Cherry Production Grows Rapidly in Shandong and Liaoning
4](#cherry-production-grows-rapidly-in-shandong-and-liaoning)

[Plum Acreage and Production Up Slightly
4](#plum-acreage-and-production-up-slightly)

[Production Support Limited to Technical Assistance and Subsidized
Seedlings
4](#production-support-limited-to-technical-assistance-and-subsidized-seedlings)

[Consumption 5](#consumption)

[Chinese Preferences and Increased Disposable Income Push Peach
Consumption
5](#chinese-preferences-and-increased-disposable-income-push-peach-consumption)

[Health Concerns and Flavor Limit Plum and Apricot Growth Opportunities
5](#health-concerns-and-flavor-limit-plum-and-apricot-growth-opportunities)

[Lowered Prices Contribute to Expanded Consumption of Cherries
5](#lowered-prices-contribute-to-expanded-consumption-of-cherries)

[Trade 5](#trade)

[Lack of Cold-chain Distribution Limits Trade
5](#lack-of-cold-chain-distribution-limits-trade)

[Marketing 6](#marketing)

[Marketing Channels Limited in Absence of Investment in Distribution
Networks
6](#marketing-channels-limited-in-absence-of-investment-in-distribution-networks)

[Tables 7](#tables)

[2001-2004 China Peach Acreage and Production by Province
7](#china-peach-acreage-and-production-by-province)

[Stone Fruit Wholesale Market Prices in Selected Regions
8](#stone-fruit-wholesale-market-prices-in-selected-regions)

[Production, Supply, and Demand (PSD) Tables
13](#production-supply-and-demand-psd-tables)

[Fresh Peaches & Nectarines 13](#fresh-peaches-nectarines)

[Fresh Plums & Prunes 16](#fresh-plums-prunes)

[Fresh Apricots 19](#fresh-apricots)

[Fresh Cherries 21](#fresh-cherries)

# Executive Summary

Peach and nectarine production is forecast up 9 percent to 8.2 MMT in
MY2006 as a result of significant increases in plantings in 2001-2003.
Plantings have continued at a slower pace as prices have fallen, but
acreage is still forecast up 3 percent to 715,000 hectares in MY2006.
Plum production is forecast up 2 percent to 1.71 MMT in MY2006 on a
slight increase in acreage. Apricot production is forecast up 12 percent
to 1.25 MMT in MY2006, resulting from increased acreage in the
northwestern of Xinjiang province in the early 2000s. Cherry production
is forecast up 30 percent to 116,500 MT in MY 2006, due to large
increases in plantings in 2000-2002.

There is no national promotion plan for stone fruit. The central and
provincial governments, however, provide technical assistance. National
and local governments also encourage farmers to plant cash crops,
including fruit trees, on otherwise marginal land, to improve income. In
a few areas, local governments provide free or subsidized seedlings to
poor farmers.

Chinese like eating peaches because of their flavor and the perception
that they have special nutrition value. Peach consumption is forecast up
8 percent to 7.08 MMT in 2006. There will be minor increases in
consumption for fresh plums and apricots due to the perception among
Chinese consumers that eating too many plums and apricots causes health
problems. Cherry consumption is forecast up 30 percent in MY2006. As a
result of production increases prices are trending down.

Marketing channels of stone fruit are limited, when compared with fruits
like apples and pears. Because of the inherent transportation problems
with the short shelf-life and delicate fruit nature of stone fruit,
marketing is mainly in nearby rural or urban areas. In addition,
increasingly, stone fruit is processed into juice, paste and
preserved/dried fruit. Trading companies are not investing in cold-chain
distribution because it is not currently cost-effective. As a result,
trade in stone fruit remains low and unlikely to increase in the
short-run.

# Production

## Increased Plantings Build Peach Production 

Peach and nectarine production is forecast to be up 9 percent to 8.2
million metric tons (MMT) in the 2006 marketing year (MY) as a result of
increased plantings in 2001-2003. In MY2005, production is estimated up
7 percent to 7.5 MMT from 7 MMT in the previous year. Despite cold
temperatures in spring in key production areas, production was up
because more trees began bearing fruit. The 2004 production was revised
to 7 MMT due to a bumper harvest and is in-line with official
statistics.

The planted area for peaches and nectarines is forecast to be up 3
percent to 715,000 hectares in MY2006. Increased demand, however, will
keep prices stable. In 2005, peach and nectarine acreage is estimated to
up 5 percent to 696,000 hectares from 662,900 hectares in the previous
year. Peach area jumped more than 20 percent to 547,100 hectares in 2002
when market prices were high. The acreage expansion slowed down in
subsequent years as prices began to fall, but increases were still about
10 percent in 2003 and 2004. Peaches and nectarines are grown in many
provinces across the country, but the main producing provinces are
located in northern China, especially Shandong, Hebei, Henan and Hubei
provinces (see production table).

## 

## Apricots Develop Fast in Northwestern China

Apricot production is forecast up 12 percent to 1.25 MMT in MY2006 as a
result of increased acreage in Xinjiang province in early 2000s.
Continued good returns from apricot production means that acreage in
MY2006 is forecast to be up 12 percent to 315,000 hectares. In 2005,
production is estimated at 1.12 MMT, up 10 percent from 1.02 MMT in the
previous year and planted area is estimated at 282,000 hectares, up 5
percent from 269,000 hectares in MY2004. Apricots are mainly planted in
northern and northwestern China, but the fastest growing area is
northwestern Xinjiang province, where a majority of fresh apricots are
sun-dried or processed into paste for exports. Stable prices and the
fact that apricot trees are drought-resistant have made them attractive
in Xinjiang.

## Cherry Production Grows Rapidly in Shandong and Liaoning

Cherry production is forecast up 30 percent to 116,500 MT in MY2006.
Production is up as a result of high prices around 2000 which made
increased plantings attractive to farmers. These plantings are now
bearing fruit. While 2005 prices were down from the previous year,
returns are still attractive and new plantings are forecast to expand
production area by 10 percent to 44,500 hectares in 2006. In 2005,
production is estimated up 40 percent to 89,600 MT from 64,000 MT in the
previous year and the acreage is estimated up 15 percent to 40,500
hectares from 35,305 hectares in MY2004. Chinese cherries, mostly sweet
varieties, are mainly planted along the coastal areas of Shandong and
Liaoning, where temperature and moisture are best suited for the crop.

## Plum Acreage and Production Up Slightly 

Plum production is forecast to be up 2 percent to 1.71 MMT in MY2006 as
a result of a slight increase in acreage. Plum acreage is forecast at
360,000 hectares in MY2006 up from 355,000 hectares in MY2005. The
MY2005 production is estimated to up 3 percent to 1.68 MMT from 1.63 MMT
in the previous year. There have been only minor increases in plum
acreage recently as prices have not provided sufficient incentives for
increased production.

In an effort to capture the off-season market, a small number of farmers
close to large cities have built greenhouses for stone fruit orchards.

## Production Support Limited to Technical Assistance and Subsidized Seedlings

In contrast to apples and citrus, there is no national production
promotion plan for stone fruit. National and local governments, however,
encourage farmers to plant cash crops, including fruit trees, on
otherwise marginal land, to improve income. Provincial governments often
provide technical assistance and, in a few areas, local governments
provide free or subsidized seedlings to poor farmers. Additionally, as
of January 2006, the agricultural land tax has been eliminated.

Production costs have been growing as a result of increased prices of
fertilizers, pesticides, water and labor.

# Consumption

## Chinese Preferences and Increased Disposable Income Push Peach Consumption

Chinese people like eating peaches because of their flavor and the
perception that they have special nutritional value. Peaches are also
considered a symbol of longevity in China. Peach consumption is forecast
to be up 8 percent to 7.08 MMT in MY2006. The MY2005 consumption is
estimated up 6 percent to 6.5 MMT from 6.16 MMT in the previous year.

## 

## Health Concerns and Flavor Limit Plum and Apricot Growth Opportunities 

Plum and apricot consumption are forecast up 2 percent and 4 percent to
1.1 MMT and 568,000 MT, respectively, in MY2006. Traditional attitudes
that eating too many plums and apricots cause health problems limit
consumption. Most Chinese plums and apricots are sour which also limits
growth opportunities. In MY2005, plum and apricot consumption are
estimated at 1.06 MMT and 547,488 MT, up 2 percent and 3 percent,
respectively, from the previous year.

## Lowered Prices Contribute to Expanded Consumption of Cherries

Cherries are a luxury product in China, and previously low production
meant prices were high and consumption was very low. High prices led to
expanded acreage, especially in the early 2000. Prices have been
declining recently as a result of production increases which has
increased consumption as more Chinese can afford the fruit. Cherry
consumption is forecast up 30 percent to 116,280 MT in MY2006.
Consumption in 2005 is estimated up nearly 40 percent to 89,525 MT from
64,387 MT in the previous year.

An increasingly large portion of stone fruit, including peaches, plums,
and apricots, are being processed into juice, paste and preserved/dried
fruit.

# Trade

## Lack of Cold-chain Distribution Limits Trade 

Despite large production volumes, exports are low because of inherent
transportation problems from the short shelf-life and delicate nature of
most stone fruit. Additionally, stone fruit production in China is much
less consolidated than fruits like apples, making it difficult to
develop a transportation infrastructure for exports. Exports are
unlikely to increase in the short-run as there is little infrastructure
for cold-chain transportation and investment in distribution and storage
facilities is not currently cost-effective.

For similar reasons, China imports very little stone fruit, except for
the more easily transportable (durable) plum varieties, varieties not
normally found in China. China imported 8,551 MT of plums in 2005, up 53
percent from the previous year. The import volume is forecast to be
7,000 MT in 2006.

In the past, US plums were imported into China through gray market
channels. Gray market channels are closing as the Chinese government
cracks down on illegal imports. In 2005, however, the U.S. and China
signed a protocol officially opening the Chinese market to California
plums. The first year will be MY2006. Import tariffs for stone fruit
have remained unchanged from 2005 levels.

Import Tariff and VAT for Fresh Stone Fruit in 2006

  ----------------- --------------------------------- ---------- ---------
  HS Code           Description                       Tariff     VAT

  08091000          Apricots, fresh                   25%        13%

  08092000          Cherries, fresh                   10%        13%

  08093000          Peaches/nectarines, fresh         10%        13%

  08094000          Plums and sloes, fresh            10%        13%

  Source: China                                                  
  Source                                                         
  ----------------- --------------------------------- ---------- ---------

# Marketing

## Marketing Channels Limited in Absence of Investment in Distribution Networks 

Most locally produced stone fruits are marketed in nearby rural or urban
areas. Marketing channels for stone fruit are limited, when compared
with fruits like apples and pears. Wholesalers and processing companies
normally purchase stone fruit at farms, sort and pack them in baskets or
cartons, and deliver them to nearby wholesale markets, where they are
distributed to supermarkets and small retailers. Some farmers
collectively rent trucks and deliver their fruit to wholesale markets
directly. These distribution networks are unlikely to change in the
near-term as trading companies are not investing in this sector.

# Tables

## 2001-2004 China Peach Acreage and Production by Province

  -------------- -------- ----------- ------- ----------- ------- ----------- ------- -----------
  China Peach                                                                         
  Acreage and                                                                         
  Production                                                                          
  (1000 Ha and                                                                        
  MT) by                                                                              
  Province                                                                            
  2001-2004                                                                           

  Province       2001                 2002                2003                2004    

                 1000 ha  MT          1000 ha MT          1000 ha MT          1000 ha MT

  Shandong       83.83    1,053,257   108.9   1,210,344   125.9   1,576,537   125.3   1,828,331

  Hebei          73.57    868,119     89.4    1,009,618   98.5    1,133,773   101.6   1,223,842

  Henan          30.44    295,721     38.7    362,694     47.4    424,846     55.4    536,342

  Hubei          38.49    344,276     38.4    354,276     38.3    404,180     44.7    428,076

  Jiangsu        24.95    310,040     29.6    314,003     29.8    317,105     32.6    326,451

  Liaoning       15.31    130,885     18.3    185,209     19.3    229,149     19.0    311,140

  Sichuan        19.20    210,131     24.7    238,376     28.7    269,816     31.9    310,240

  Beijing        16.39    206,335     17.6    244,870     17.4    264,585     16.8    296,409

  Zhejiang       18.36    168,709     21.0    189,596     21.7    210,067     23.8    259,595

  Shaanxi        14.02    97,480      17.6    143,583     19.1    153,007     22.0    216,680

  Fujian         24.74    165,616     25.8    178,057     26.3    195,809     26.3    190,248

  Anhui          9.58     93,970      12.9    129,150     15.2    167,674     20.4    188,630

  Shanxi         N/A      47,399      6.2     66,379      8.7     102,927     9.9     129,935

  Yunnan         17.15    80,737      17.0    86,388      16.9    95,803      18.0    104,939

  Shanghai       5.65     79,480      7.1     74,063      8.9     101,543     10.0    95,277

  Guangxi        6.67     46,055      8.6     53,354      10.8    72,172      13.2    93,589

  Hunan          14.81    63,923      18.1    67,267      17.3    74,305      20.9    83,591

  Gansu          9.63     51,783      10.4    69,069      11.5    75,254      13.7    74,933

  Guangdong      N/A      50,079      N/A     59,021      N/A     61,173      6.6     67,258

  Guizhou        4.79     42,323      7.8     51,317      11.2    54,254      12.4    58,865

  Xinjiang       6.36     34,816      8.4     27,945      8.9     31,939      10.8    49,390

  Tianjin        4.36     45,837      4.3     44,850      4.3     49,071      4.4     49,006

  Chongqing      4.63     41,064      5.6     41,290      8.0     46,295      9.3     48,719

  Jiangxi        6.29     30,946      9.0     26,505      9.0     26,994      9.6     28,386

  Ningxia        2.94     2,622       1.5     2,028       3.7     8,241       3.7     8,312

  Tibet          N/A      0           0.1     619         0.1     850         0.1     1,259

  Jilin          0.09     290         0.1     197         0.3     391         0.5     1,121

  Qinghai        N/A      0           N/A     368         N/A     340         N/A     421

  National total 452.25   4,561,893   547.1   5,230,436   607.2   6,148,100   662.9   7,010,985

  Source: China                                                                       
  Agricultural                                                                        
  Statistical                                                                         
  Report                                                                              
  -------------- -------- ----------- ------- ----------- ------- ----------- ------- -----------

## Stone Fruit Wholesale Market Prices in Selected Regions

Wholesale Market Prices for Apricots

+---------------+------+---------+------+-----+---------+----+-----+
| Region        | N    | No      | Cen  | So  | So      | We | Ch  |
|               | orth | rtheast | tral | uth | uthwest | st | ina |
+---------------+------+---------+------+-----+---------+----+-----+
| Time          | Mon  |         |      |     |         |    |     |
|               | thly |         |      |     |         |    |     |
|               | and  |         |      |     |         |    |     |
|               | q    |         |      |     |         |    |     |
|               | uart |         |      |     |         |    |     |
|               | erly |         |      |     |         |    |     |
|               | ave  |         |      |     |         |    |     |
|               | rage |         |      |     |         |    |     |
|               | pr   |         |      |     |         |    |     |
|               | ices |         |      |     |         |    |     |
|               | in   |         |      |     |         |    |     |
|               | USD  |         |      |     |         |    |     |
|               | per  |         |      |     |         |    |     |
|               | kilo |         |      |     |         |    |     |
|               | gram |         |      |     |         |    |     |
|               |      |         |      |     |         |    |     |
|               | RM   |         |      |     |         |    |     |
|               | B8.1 |         |      |     |         |    |     |
|               | =    |         |      |     |         |    |     |
|               | \$   |         |      |     |         |    |     |
|               | US1) |         |      |     |         |    |     |
+---------------+------+---------+------+-----+---------+----+-----+
| January 2004  | 5.81 | N/A     | N/A  | N/A | N/A     | N  | 5   |
|               |      |         |      |     |         | /A | .81 |
+---------------+------+---------+------+-----+---------+----+-----+
| March 2004    | 2.42 | N/A     | N/A  | N/A | N/A     | N  | 2   |
|               |      |         |      |     |         | /A | .42 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q1 2004   | 4.11 | N/A     | N/A  | N/A | N/A     | N  | 4   |
|               |      |         |      |     |         | /A | .11 |
+---------------+------+---------+------+-----+---------+----+-----+
| April 2004    | 1.28 | N/A     | 1.27 | N/A | N/A     | N  | 1   |
|               |      |         |      |     |         | /A | .32 |
+---------------+------+---------+------+-----+---------+----+-----+
| May 2004      | 1.10 | N/A     | 0.88 | N/A | N/A     | N  | 1   |
|               |      |         |      |     |         | /A | .03 |
+---------------+------+---------+------+-----+---------+----+-----+
| June 2004     | 0.32 | 0.31    | 0.42 | 1   | N/A     | 0. | 0   |
|               |      |         |      | .09 |         | 29 | .36 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q2 2004   | 0.76 | 0.31    | 0.85 | 1   | N/A     | 0. | 0   |
|               |      |         |      | .09 |         | 29 | .88 |
+---------------+------+---------+------+-----+---------+----+-----+
| July 2004     | 0.22 | 0.16    | 0.52 | 0   | N/A     | 0. | 0   |
|               |      |         |      | .49 |         | 18 | .28 |
+---------------+------+---------+------+-----+---------+----+-----+
| August 2004   | 0.38 | 0.07    | 0.29 | N/A | N/A     | 0. | 0   |
|               |      |         |      |     |         | 15 | .28 |
+---------------+------+---------+------+-----+---------+----+-----+
| September     | 0.44 | 0.15    | 0.30 | N/A | N/A     | 0. | 0   |
| 2004          |      |         |      |     |         | 17 | .36 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q3 2004   | 0.36 | 0.13    | 0.36 | 0   | N/A     | 0. | 0   |
|               |      |         |      | .49 |         | 17 | .31 |
+---------------+------+---------+------+-----+---------+----+-----+
| October 2004  | 0.67 | N/A     | N/A  | N/A | N/A     | N  | 0   |
|               |      |         |      |     |         | /A | .67 |
+---------------+------+---------+------+-----+---------+----+-----+
| November 2004 | 0.95 | 0.15    | N/A  | N/A | N/A     | N  | 0   |
|               |      |         |      |     |         | /A | .79 |
+---------------+------+---------+------+-----+---------+----+-----+
| December 2004 | 1.09 | N/A     | N/A  | N/A | N/A     | N  | 1   |
|               |      |         |      |     |         | /A | .09 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q4 2004   | 0.91 | 0.15    | N/A  | N/A | N/A     | N  | 0   |
|               |      |         |      |     |         | /A | .84 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg 2004      | 1.01 | 0.18    | 0.56 | 0   | N/A     | 0. | 0   |
|               |      |         |      | .69 |         | 20 | .99 |
+---------------+------+---------+------+-----+---------+----+-----+
| January 2005  | 1.33 | N/A     | N/A  | 3   | N/A     | N  | 2   |
|               |      |         |      | .33 |         | /A | .33 |
+---------------+------+---------+------+-----+---------+----+-----+
| February 2005 | 1.33 | N/A     | N/A  | 3   | N/A     | N  | 2   |
|               |      |         |      | .57 |         | /A | .45 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q1 2005   | 1.33 | N/A     | N/A  | 3   | N/A     | N  | 2   |
|               |      |         |      | .41 |         | /A | .39 |
+---------------+------+---------+------+-----+---------+----+-----+
| April 2005    | 1.12 | N/A     | N/A  | 1   | N/A     | N  | 1   |
|               |      |         |      | .69 |         | /A | .23 |
+---------------+------+---------+------+-----+---------+----+-----+
| May 2005      | 0.76 | N/A     | 0.67 | 1   | N/A     | 0. | 0   |
|               |      |         |      | .48 |         | 90 | .78 |
+---------------+------+---------+------+-----+---------+----+-----+
| June 2005     | 0.23 | 0.19    | 0.20 | 1   | N/A     | 0. | 0   |
|               |      |         |      | .06 |         | 36 | .29 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q2 2005   | 0.70 | 0.19    | 0.43 | 1   | N/A     | 0. | 0   |
|               |      |         |      | .36 |         | 63 | .76 |
+---------------+------+---------+------+-----+---------+----+-----+
| July 2005     | 0.22 | 0.12    | 0.26 | 0   | N/A     | 0. | 0   |
|               |      |         |      | .58 |         | 27 | .24 |
+---------------+------+---------+------+-----+---------+----+-----+
| August 2005   | 0.23 | 0.15    | 0.18 | N/A | N/A     | 0. | 0   |
|               |      |         |      |     |         | 11 | .17 |
+---------------+------+---------+------+-----+---------+----+-----+
| September     | 0.22 | N/A     | N/A  | N/A | N/A     | N  | 0   |
| 2005          |      |         |      |     |         | /A | .22 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q3 2005   | 0.22 | 0.13    | 0.23 | 0   | N/A     | 0. | 0   |
|               |      |         |      | .58 |         | 22 | .21 |
+---------------+------+---------+------+-----+---------+----+-----+
| October 2005  | 0.22 | 0.24    | N/A  | N/A | N/A     | N  | 0   |
|               |      |         |      |     |         | /A | .24 |
+---------------+------+---------+------+-----+---------+----+-----+
| Avg Q4 2005   | 0.22 | 0.24    | N/A  | N/A | N/A     | N  | 0   |
|               |      |         |      |     |         | /A | .24 |
+---------------+------+---------+------+-----+---------+----+-----+
| 2005 to date  | 0.64 | 0.17    | 0.35 | 1   | N/A     | 0. | 0   |
|               |      |         |      | .95 |         | 45 | .92 |
+---------------+------+---------+------+-----+---------+----+-----+

Wholesale Market Prices for Peaches

+---------------+------+---------+------+------+-------+---+----+-----+
| Region        | N    | No      | Cen  | S    | Sout  |   | We | Ch  |
|               | orth | rtheast | tral | outh | hwest |   | st | ina |
+---------------+------+---------+------+------+-------+---+----+-----+
| Time          | Mon  |         |      |      |       |   |    |     |
|               | thly |         |      |      |       |   |    |     |
|               | and  |         |      |      |       |   |    |     |
|               | q    |         |      |      |       |   |    |     |
|               | uart |         |      |      |       |   |    |     |
|               | erly |         |      |      |       |   |    |     |
|               | ave  |         |      |      |       |   |    |     |
|               | rage |         |      |      |       |   |    |     |
|               | pr   |         |      |      |       |   |    |     |
|               | ices |         |      |      |       |   |    |     |
|               | in   |         |      |      |       |   |    |     |
|               | USD  |         |      |      |       |   |    |     |
|               | per  |         |      |      |       |   |    |     |
|               | kilo |         |      |      |       |   |    |     |
|               | gram |         |      |      |       |   |    |     |
|               |      |         |      |      |       |   |    |     |
|               | (RMB |         |      |      |       |   |    |     |
|               | 8.1= |         |      |      |       |   |    |     |
|               | US   |         |      |      |       |   |    |     |
|               | \$1) |         |      |      |       |   |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| January 2004  | 0.48 | N/A     | 0.69 | N/A  | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .51 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| February 2004 | 0.29 | N/A     | 1.02 | N/A  | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .41 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| March 2004    | 2.42 | N/A     | 1.02 | N/A  | N/A   | N |    | 2   |
|               |      |         |      |      |       | / |    | .07 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q1 2004   | 1.06 | N/A     | 0.91 | N/A  | N/A   | N |    | 1   |
|               |      |         |      |      |       | / |    | .00 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| April 2004    | 0.96 | N/A     | 0.39 | N/A  | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .93 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| May 2004      | 0.77 | N/A     | 1.03 | 0.54 | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .81 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| June 2004     | 0.33 | 0.23    | 0.15 | 0.27 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .37 |
|               |      |         |      |      |       | 6 |    |     |
|               |      |         |      |      |       | 9 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q2 2004   | 0.72 | 0.23    | 0.43 | 0.36 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .72 |
|               |      |         |      |      |       | 6 |    |     |
|               |      |         |      |      |       | 9 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| July 2004     | 0.13 | 0.15    | 0.14 | 0.24 | 0.22  | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .21 |
|               |      |         |      |      |       | 4 |    |     |
|               |      |         |      |      |       | 9 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| August 2004   | 0.14 | 0.14    | 0.15 | 0.28 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .18 |
|               |      |         |      |      |       | 2 |    |     |
|               |      |         |      |      |       | 5 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| September     | 0.24 | 0.20    | 0.20 | 0.44 | N/A   | 0 |    | 0   |
| 2004          |      |         |      |      |       | . |    | .29 |
|               |      |         |      |      |       | 4 |    |     |
|               |      |         |      |      |       | 3 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q3 2004   | 0.18 | 0.17    | 0.17 | 0.34 | 0.22  | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .23 |
|               |      |         |      |      |       | 4 |    |     |
|               |      |         |      |      |       | 0 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| October 2004  | 0.27 | 0.45    | 0.19 | 0.42 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .45 |
|               |      |         |      |      |       | 7 |    |     |
|               |      |         |      |      |       | 5 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| November 2004 | 0.86 | 0.20    | 0.28 | 0.40 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .63 |
|               |      |         |      |      |       | 7 |    |     |
|               |      |         |      |      |       | 3 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| December 2004 | N/A  | N/A     | 0.30 | 0.44 | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .37 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q4 2004   | 0.71 | 0.28    | 0.25 | 0.41 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .53 |
|               |      |         |      |      |       | 7 |    |     |
|               |      |         |      |      |       | 4 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg 2004      | 0.64 | 0.21    | 0.36 | 0.37 | 0.22  | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .60 |
|               |      |         |      |      |       | 5 |    |     |
|               |      |         |      |      |       | 5 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| January 2005  | N/A  | N/A     | N/A  | 2.45 | N/A   | N |    | 2   |
|               |      |         |      |      |       | / |    | .45 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| February 2005 | N/A  | N/A     | N/A  | 2.36 | N/A   | N |    | 2   |
|               |      |         |      |      |       | / |    | .36 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| March 2005    | N/A  | N/A     | N/A  | 2.42 | N/A   | N |    | 2   |
|               |      |         |      |      |       | / |    | .42 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q1 2005   | N/A  | N/A     | N/A  | 2.41 | N/A   | N |    | 2   |
|               |      |         |      |      |       | / |    | .41 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| April 2005    | 1.26 | N/A     | 1.09 | 2.18 | N/A   | N |    | 1   |
|               |      |         |      |      |       | / |    | .49 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| May 2005      | 0.59 | 0.67    | 0.18 | 0.65 | 0.48  | 1 |    | 0   |
|               |      |         |      |      |       | . |    | .59 |
|               |      |         |      |      |       | 1 |    |     |
|               |      |         |      |      |       | 0 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| June 2005     | 0.24 | 0.35    | 0.18 | 0.35 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .26 |
|               |      |         |      |      |       | 2 |    |     |
|               |      |         |      |      |       | 8 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q2 2005   | 0.70 | 0.45    | 0.41 | 1.06 | 0.48  | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .78 |
|               |      |         |      |      |       | 6 |    |     |
|               |      |         |      |      |       | 9 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| July 2005     | 0.25 | 0.22    | 0.24 | 0.26 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .24 |
|               |      |         |      |      |       | 1 |    |     |
|               |      |         |      |      |       | 9 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| August 2005   | 0.22 | 0.20    | 0.23 | 0.43 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .25 |
|               |      |         |      |      |       | 2 |    |     |
|               |      |         |      |      |       | 1 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| September     | 0.31 | 0.26    | 0.33 | 0.43 | N/A   | 0 |    | 0   |
| 2005          |      |         |      |      |       | . |    | .34 |
|               |      |         |      |      |       | 3 |    |     |
|               |      |         |      |      |       | 8 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q3 2005   | 0.26 | 0.23    | 0.27 | 0.37 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .28 |
|               |      |         |      |      |       | 2 |    |     |
|               |      |         |      |      |       | 6 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| October 2005  | 0.35 | 0.29    | 0.43 | 0.38 | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .37 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| November 2005 | 0.38 | N/A     | 0.44 | 0.28 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .41 |
|               |      |         |      |      |       | 7 |    |     |
|               |      |         |      |      |       | 0 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| December 2005 | 0.42 | N/A     | 0.44 | 0.24 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .34 |
|               |      |         |      |      |       | 1 |    |     |
|               |      |         |      |      |       | 8 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q4 2005   | 0.37 | 0.29    | 0.44 | 0.30 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .37 |
|               |      |         |      |      |       | 4 |    |     |
|               |      |         |      |      |       | 4 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg 2005      | 0.45 | 0.30    | 0.37 | 1.04 | 0.48  | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .96 |
|               |      |         |      |      |       | 4 |    |     |
|               |      |         |      |      |       | 3 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| January 2006  | N/A  | N/A     | 0.34 | 0.24 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .27 |
|               |      |         |      |      |       | 1 |    |     |
|               |      |         |      |      |       | 7 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| February 2006 | N/A  | N/A     | N/A  | 0.24 | N/A   | N |    | 0   |
|               |      |         |      |      |       | / |    | .24 |
|               |      |         |      |      |       | A |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg Q1 2006   | N/A  | N/A     | 0.34 | 0.24 | N/A   | 0 |    | 0   |
|               |      |         |      |      |       | . |    | .26 |
|               |      |         |      |      |       | 1 |    |     |
|               |      |         |      |      |       | 7 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+
| Avg 2006 to   | N/A  | N/A     | 0.34 | 0.24 | N/A   | 0 |    | 0   |
| date          |      |         |      |      |       | . |    | .26 |
|               |      |         |      |      |       | 1 |    |     |
|               |      |         |      |      |       | 7 |    |     |
+---------------+------+---------+------+------+-------+---+----+-----+

Wholesale Market Prices for Nectarines

+---------------+------+---------+------+-----+--------+---+----+-----+
| Region        | N    | No      | Cen  | So  | Sou    |   | We | Ch  |
|               | orth | rtheast | tral | uth | thwest |   | st | ina |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Time          | Mon  |         |      |     |        |   |    |     |
|               | thly |         |      |     |        |   |    |     |
|               | and  |         |      |     |        |   |    |     |
|               | q    |         |      |     |        |   |    |     |
|               | uart |         |      |     |        |   |    |     |
|               | erly |         |      |     |        |   |    |     |
|               | ave  |         |      |     |        |   |    |     |
|               | rage |         |      |     |        |   |    |     |
|               | pr   |         |      |     |        |   |    |     |
|               | ices |         |      |     |        |   |    |     |
|               | in   |         |      |     |        |   |    |     |
|               | USD  |         |      |     |        |   |    |     |
|               | per  |         |      |     |        |   |    |     |
|               | kilo |         |      |     |        |   |    |     |
|               | gram |         |      |     |        |   |    |     |
|               |      |         |      |     |        |   |    |     |
|               | (    |         |      |     |        |   |    |     |
|               | RMB8 |         |      |     |        |   |    |     |
|               | .265 |         |      |     |        |   |    |     |
|               | = US |         |      |     |        |   |    |     |
|               | \$1) |         |      |     |        |   |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| April 2004    | 0.98 | 0.73    | 1.11 | N/A | N/A    | N |    | 1   |
|               |      |         |      |     |        | / |    | .02 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| May 2004      | 0.71 | 0.36    | 0.85 | N/A | N/A    | 0 |    | 0   |
|               |      |         |      |     |        | . |    | .66 |
|               |      |         |      |     |        | 5 |    |     |
|               |      |         |      |     |        | 3 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| June 2004     | 0.39 | 0.30    | 0.39 | 1   | N/A    | 0 |    | 0   |
|               |      |         |      | .21 |        | . |    | .42 |
|               |      |         |      |     |        | 4 |    |     |
|               |      |         |      |     |        | 6 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q2 2004   | 0.74 | 0.42    | 0.77 | 1   | N/A    | 0 |    | 0   |
|               |      |         |      | .21 |        | . |    | .76 |
|               |      |         |      |     |        | 4 |    |     |
|               |      |         |      |     |        | 8 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| July 2004     | 0.14 | 0.20    | 0.21 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .70 |        | . |    | .26 |
|               |      |         |      |     |        | 3 |    |     |
|               |      |         |      |     |        | 5 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| August 2004   | 0.18 | 0.08    | 0.18 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .71 |        | . |    | .28 |
|               |      |         |      |     |        | 2 |    |     |
|               |      |         |      |     |        | 4 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| September     | 0.32 | N/A     | 0.18 | 1   | N/A    | 0 |    | 0   |
| 2004          |      |         |      | .21 |        | . |    | .50 |
|               |      |         |      |     |        | 3 |    |     |
|               |      |         |      |     |        | 6 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q3 2004   | 0.23 | 0.16    | 0.19 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .92 |        | . |    | .37 |
|               |      |         |      |     |        | 3 |    |     |
|               |      |         |      |     |        | 2 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| October 2004  | 0.41 | N/A     | 0.32 | 1   | N/A    | N |    | 0   |
|               |      |         |      | .21 |        | / |    | .47 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| November 2004 | 0.65 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .65 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| December 2004 | 0.77 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .77 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q4 2004   | 0.62 | N/A     | 0.32 | 1   | N/A    | N |    | 0   |
|               |      |         |      | .21 |        | / |    | .63 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg 2004      | 0.52 | 0.31    | 0.42 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .99 |        | . |    | .58 |
|               |      |         |      |     |        | 3 |    |     |
|               |      |         |      |     |        | 7 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| January 2005  | 1.70 | N/A     | N/A  | N/A | N/A    | N |    | 1   |
|               |      |         |      |     |        | / |    | .70 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Feb 2005      | 1.06 | N/A     | N/A  | N/A | N/A    | N |    | 1   |
|               |      |         |      |     |        | / |    | .06 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| March 2005    | 1.51 | N/A     | N/A  | N/A | N/A    | N |    | 1   |
|               |      |         |      |     |        | / |    | .51 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q1 2005   | 1.50 | N/A     | N/A  | N/A | N/A    | N |    | 1   |
|               |      |         |      |     |        | / |    | .50 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| April 2005    | 1.06 | N/A     | 0.82 | 0   | N/A    | N |    | 0   |
|               |      |         |      | .41 |        | / |    | .97 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| May 2005      | 0.59 | N/A     | 0.49 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .48 |        | . |    | .54 |
|               |      |         |      |     |        | 2 |    |     |
|               |      |         |      |     |        | 8 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| June 2005     | 0.43 | N/A     | 0.17 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .42 |        | . |    | .37 |
|               |      |         |      |     |        | 2 |    |     |
|               |      |         |      |     |        | 8 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q2 2005   | 0.69 | N/A     | 0.43 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .43 |        | . |    | .63 |
|               |      |         |      |     |        | 2 |    |     |
|               |      |         |      |     |        | 8 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| July 2005     | 0.27 | N/A     | 0.22 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .32 |        | . |    | .24 |
|               |      |         |      |     |        | 1 |    |     |
|               |      |         |      |     |        | 0 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| August 2005   | 0.36 | N/A     | 0.22 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .31 |        | . |    | .31 |
|               |      |         |      |     |        | 1 |    |     |
|               |      |         |      |     |        | 7 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| September     | 0.31 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
| 2005          |      |         |      |     |        | / |    | .31 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q3 2005   | 0.32 | N/A     | 0.22 | 0   | N/A    | 0 |    | 0   |
|               |      |         |      | .32 |        | . |    | .29 |
|               |      |         |      |     |        | 1 |    |     |
|               |      |         |      |     |        | 2 |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| October 2005  | 0.21 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .21 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| November 2005 | 0.11 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .11 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| December 2005 | 0.13 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .13 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q4 2005   | 0.15 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .15 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| January 2006  | 0.19 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .19 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| February 2006 | 0.24 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .24 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| Avg Q1 2006   | 0.22 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .22 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+
| 2006 to date  | 0.22 | N/A     | N/A  | N/A | N/A    | N |    | 0   |
|               |      |         |      |     |        | / |    | .22 |
|               |      |         |      |     |        | A |    |     |
+---------------+------+---------+------+-----+--------+---+----+-----+

Wholesale Market Prices for Plums

+---------------+------+---------+------+-----+------+---+----+-----+
| Region        | N    | No      | Cen  | So  | S    |   | We | Ch  |
|               | orth | rtheast | tral | uth | outh |   | st | ina |
|               |      |         |      |     | west |   |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Time          | Mon  |         |      |     |      |   |    |     |
|               | thly |         |      |     |      |   |    |     |
|               | and  |         |      |     |      |   |    |     |
|               | q    |         |      |     |      |   |    |     |
|               | uart |         |      |     |      |   |    |     |
|               | erly |         |      |     |      |   |    |     |
|               | ave  |         |      |     |      |   |    |     |
|               | rage |         |      |     |      |   |    |     |
|               | pr   |         |      |     |      |   |    |     |
|               | ices |         |      |     |      |   |    |     |
|               | in   |         |      |     |      |   |    |     |
|               | USD  |         |      |     |      |   |    |     |
|               | per  |         |      |     |      |   |    |     |
|               | kilo |         |      |     |      |   |    |     |
|               | gram |         |      |     |      |   |    |     |
|               |      |         |      |     |      |   |    |     |
|               | (RM  |         |      |     |      |   |    |     |
|               | B8.1 |         |      |     |      |   |    |     |
|               | = US |         |      |     |      |   |    |     |
|               | \$1) |         |      |     |      |   |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| January 2004  | 1.86 | N/A     | 2.54 | 3   | N/A  | N |    | 2   |
|               |      |         |      | .93 |      | / |    | .53 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| February 2004 | 1.75 | N/A     | 2.72 | 2   | N/A  | N |    | 2   |
|               |      |         |      | .78 |      | / |    | .35 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| March 2004    | 1.88 | N/A     | 2.72 | 2   | N/A  | N |    | 2   |
|               |      |         |      | .48 |      | / |    | .40 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q1 2004   | 1.83 | N/A     | 2.67 | 3   | N/A  | N |    | 2   |
|               |      |         |      | .07 |      | / |    | .43 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| April 2004    | 2.19 | N/A     | 2.47 | 2   | 2.72 | N |    | 2   |
|               |      |         |      | .66 |      | / |    | .31 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| May 2004      | 1.84 | N/A     | 1.52 | 2   | N/A  | N |    | 1   |
|               |      |         |      | .78 |      | / |    | .81 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| June 2004     | 1.24 | 0.73    | 1.34 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .56 |      | / |    | .33 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q2 2004   | 1.82 | 0.73    | 1.94 | 2   | 2.72 | N |    | 1   |
|               |      |         |      | .14 |      | / |    | .90 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| July 2004     | 0.84 | 0.24    | 1.10 | 1   | N/A  | 0 |    | 0   |
|               |      |         |      | .24 |      | . |    | .94 |
|               |      |         |      |     |      | 2 |    |     |
|               |      |         |      |     |      | 4 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| August 2004   | 0.65 | 0.09    | 1.47 | 1   | N/A  | 0 |    | 0   |
|               |      |         |      | .05 |      | . |    | .75 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 4 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| September     | 1.03 | 0.08    | 1.80 | 1   | 0.85 | 0 |    | 1   |
| 2004          |      |         |      | .68 |      | . |    | .23 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 2 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q3 2004   | 0.87 | 0.15    | 1.51 | 1   | 0.85 | 0 |    | 1   |
|               |      |         |      | .38 |      | . |    | .01 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 5 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| October 2004  | 0.71 | N/A     | 2.30 | 2   | N/A  | 0 |    | 1   |
|               |      |         |      | .03 |      | . |    | .44 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 2 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| November 2004 | 1.46 | N/A     | 2.90 | 1   | N/A  | 3 |    | 1   |
|               |      |         |      | .96 |      | . |    | .86 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 5 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| December 2004 | 1.96 | N/A     | 2.90 | 2   | N/A  | 3 |    | 2   |
|               |      |         |      | .11 |      | . |    | .36 |
|               |      |         |      |     |      | 3 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q4 2004   | 1.39 | N/A     | 2.73 | 2   | N/A  | 2 |    | 1   |
|               |      |         |      | .03 |      | . |    | .88 |
|               |      |         |      |     |      | 5 |    |     |
|               |      |         |      |     |      | 1 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg 2004      | 1.45 | 0.24    | 2.21 | 2   | 2.10 | 1 |    | 1   |
|               |      |         |      | .12 |      | . |    | .78 |
|               |      |         |      |     |      | 0 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| January 2005  | 1.60 | N/A     | 2.90 | 2   | N/A  | 3 |    | 2   |
|               |      |         |      | .96 |      | . |    | .34 |
|               |      |         |      |     |      | 3 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| February 2005 | 0.80 | N/A     | 2.39 | 1   | N/A  | 3 |    | 2   |
|               |      |         |      | .63 |      | . |    | .11 |
|               |      |         |      |     |      | 3 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| March 2005    | 1.31 | N/A     | 2.65 | 1   | N/A  | 3 |    | 2   |
|               |      |         |      | .87 |      | . |    | .27 |
|               |      |         |      |     |      | 3 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q1 2005   | 1.44 | N/A     | 2.65 | 2   | N/A  | 3 |    | 2   |
|               |      |         |      | .22 |      | . |    | .22 |
|               |      |         |      |     |      | 3 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| April 2005    | 1.32 | N/A     | 2.90 | 2   | N/A  | 3 |    | 2   |
|               |      |         |      | .16 |      | . |    | .14 |
|               |      |         |      |     |      | 3 |    |     |
|               |      |         |      |     |      | 9 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| May 2005      | 1.08 | N/A     | 2.02 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .32 |      | / |    | .41 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| June 2005     | 0.91 | N/A     | 1.72 | 0   | N/A  | 0 |    | 0   |
|               |      |         |      | .71 |      | . |    | .95 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 8 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q2 2005   | 1.10 | N/A     | 2.21 | 1   | N/A  | 1 |    | 1   |
|               |      |         |      | .40 |      | . |    | .50 |
|               |      |         |      |     |      | 2 |    |     |
|               |      |         |      |     |      | 5 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| July 2005     | 0.43 | N/A     | 1.82 | 0   | N/A  | 0 |    | 0   |
|               |      |         |      | .68 |      | . |    | .64 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 3 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| August 2005   | 0.42 | N/A     | 1.66 | 0   | N/A  | 0 |    | 0   |
|               |      |         |      | .85 |      | . |    | .75 |
|               |      |         |      |     |      | 0 |    |     |
|               |      |         |      |     |      | 8 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| September     | 0.94 | N/A     | 2.42 | 1   | N/A  | N |    | 1   |
| 2005          |      |         |      | .75 |      | / |    | .54 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q3 2005   | 0.59 | N/A     | 1.97 | 1   | N/A  | 0 |    | 0   |
|               |      |         |      | .09 |      | . |    | .98 |
|               |      |         |      |     |      | 1 |    |     |
|               |      |         |      |     |      | 1 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| October 2005  | 0.67 | N/A     | 2.42 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .48 |      | / |    | .49 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| November 2005 | 0.98 | N/A     | 2.00 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .69 |      | / |    | .46 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| December 2005 | 0.70 | 0.85    | 1.57 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .59 |      | / |    | .32 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q4 2005   | 0.78 | 0.85    | 2.00 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .58 |      | / |    | .42 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg 2005      | 0.96 | 0.85    | 2.21 | 1   | N/A  | 2 |    | 1   |
|               |      |         |      | .57 |      | . |    | .53 |
|               |      |         |      |     |      | 0 |    |     |
|               |      |         |      |     |      | 3 |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| January 2006  | 0.64 | N/A     | 1.81 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .80 |      | / |    | .36 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| February 2006 | 0.97 | 1.21    | 1.57 | N/A | N/A  | N |    | 1   |
|               |      |         |      |     |      | / |    | .33 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg Q1 2006   | 0.75 | 1.21    | 1.73 | 1   | N/A  | N |    | 1   |
|               |      |         |      | .80 |      | / |    | .35 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+
| Avg 2006 to   | 0.75 | 1.21    | 1.73 | 1   | N/A  | N |    | 1   |
| date          |      |         |      | .80 |      | / |    | .35 |
|               |      |         |      |     |      | A |    |     |
+---------------+------+---------+------+-----+------+---+----+-----+

Wholesale Market Prices for Cherries

<table>
<colgroup>
<col style="width: 22%" />
<col style="width: 10%" />
<col style="width: 2%" />
<col style="width: 11%" />
<col style="width: 10%" />
<col style="width: 9%" />
<col style="width: 10%" />
<col style="width: 4%" />
<col style="width: 8%" />
<col style="width: 9%" />
</colgroup>
<tbody>
<tr class="odd">
<td>Region</td>
<td>North</td>
<td colspan="2">Northeast</td>
<td>Central</td>
<td>South</td>
<td colspan="2">Southwest</td>
<td>West</td>
<td>China</td>
</tr>
<tr class="even">
<td>Time</td>
<td colspan="9"><p>Monthly and quarterly average prices in USD per
kilogram</p>
<p>(RMB8.1 = US $1)</p></td>
</tr>
<tr class="odd">
<td>January 2004</td>
<td colspan="2">8.89</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>8.89</td>
</tr>
<tr class="even">
<td>February 2004</td>
<td colspan="2">8.89</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>8.89</td>
</tr>
<tr class="odd">
<td>March 2004</td>
<td colspan="2">6.01</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>6.01</td>
</tr>
<tr class="even">
<td>Avg Q1 2004</td>
<td colspan="2">7.93</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>7.93</td>
</tr>
<tr class="odd">
<td>April 2004</td>
<td colspan="2">4.57</td>
<td>6.05</td>
<td>2.62</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>4.21</td>
</tr>
<tr class="even">
<td>May 2004</td>
<td colspan="2">3.17</td>
<td>4.36</td>
<td>1.54</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>2.94</td>
</tr>
<tr class="odd">
<td>June 2004</td>
<td colspan="2">1.40</td>
<td>0.93</td>
<td>1.78</td>
<td>4.84</td>
<td>N/A</td>
<td colspan="2">3.81</td>
<td>1.68</td>
</tr>
<tr class="even">
<td>Avg Q2 2004</td>
<td colspan="2">3.28</td>
<td>3.07</td>
<td>2.07</td>
<td>4.84</td>
<td>N/A</td>
<td colspan="2">1.37</td>
<td>3.16</td>
</tr>
<tr class="odd">
<td>July 2004</td>
<td colspan="2">2.01</td>
<td>1.09</td>
<td>1.91</td>
<td>1.57</td>
<td>3.63</td>
<td colspan="2">N/A</td>
<td>1.85</td>
</tr>
<tr class="even">
<td>August 2004</td>
<td colspan="2">2.78</td>
<td>N/A</td>
<td>1.51</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>2.32</td>
</tr>
<tr class="odd">
<td>September 2004</td>
<td colspan="2">2.41</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">1.37</td>
<td>2.41</td>
</tr>
<tr class="even">
<td>Avg Q3 2004</td>
<td colspan="2">2.40</td>
<td>1.09</td>
<td>1.71</td>
<td>1.57</td>
<td>3.63</td>
<td colspan="2">N/A</td>
<td>2.22</td>
</tr>
<tr class="odd">
<td>October 2004</td>
<td colspan="2">3.02</td>
<td>N/A</td>
<td>2.40</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>2.90</td>
</tr>
<tr class="even">
<td>November 2004</td>
<td colspan="2">3.63</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.63</td>
</tr>
<tr class="odd">
<td>December 2004</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.87</td>
</tr>
<tr class="even">
<td>Avg Q4 2004</td>
<td colspan="2">3.53</td>
<td>N/A</td>
<td>2.40</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">2.59</td>
<td>3.49</td>
</tr>
<tr class="odd">
<td>Avg 2004</td>
<td colspan="2">4.18</td>
<td>2.67</td>
<td>1.96</td>
<td>3.21</td>
<td>3.63</td>
<td colspan="2">N/A</td>
<td>4.10</td>
</tr>
<tr class="even">
<td>January 2005</td>
<td colspan="2">5.81</td>
<td>N/A</td>
<td>N/A</td>
<td>9.65</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>7.57</td>
</tr>
<tr class="odd">
<td>February 2005</td>
<td colspan="2">8.23</td>
<td>N/A</td>
<td>N/A</td>
<td>4.81</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>7.90</td>
</tr>
<tr class="even">
<td>March 2005</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>4.11</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.93</td>
</tr>
<tr class="odd">
<td>Avg Q1 2005</td>
<td colspan="2">5.97</td>
<td>N/A</td>
<td>4.11</td>
<td>8.04</td>
<td>N/A</td>
<td colspan="2">2.42</td>
<td>6.47</td>
</tr>
<tr class="even">
<td>April 2005</td>
<td colspan="2">3.13</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>0.97</td>
<td colspan="2">N/A</td>
<td>2.76</td>
</tr>
<tr class="odd">
<td>May 2005</td>
<td colspan="2">1.84</td>
<td>3.02</td>
<td>0.99</td>
<td>3.62</td>
<td>0.85</td>
<td colspan="2">N/A</td>
<td>1.72</td>
</tr>
<tr class="even">
<td>June 2005</td>
<td colspan="2">1.64</td>
<td>1.61</td>
<td>1.73</td>
<td>1.51</td>
<td>N/A</td>
<td colspan="2">2.42</td>
<td>1.64</td>
</tr>
<tr class="odd">
<td>Avg Q2 2005</td>
<td colspan="2">2.20</td>
<td>2.08</td>
<td>1.36</td>
<td>2.22</td>
<td>0.91</td>
<td colspan="2">1.45</td>
<td>2.04</td>
</tr>
<tr class="even">
<td>July 2005</td>
<td colspan="2">3.16</td>
<td>2.45</td>
<td>1.69</td>
<td>4.06</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.18</td>
</tr>
<tr class="odd">
<td>August 2005</td>
<td colspan="2">3.87</td>
<td>1.81</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.36</td>
</tr>
<tr class="even">
<td>September 2005</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">1.45</td>
<td>3.87</td>
</tr>
<tr class="odd">
<td>Avg Q3 2005</td>
<td colspan="2">3.59</td>
<td>2.24</td>
<td>1.69</td>
<td>4.06</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.39</td>
</tr>
<tr class="even">
<td>October 2005</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.87</td>
</tr>
<tr class="odd">
<td>November 2005</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.87</td>
</tr>
<tr class="even">
<td>December 2005</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>1.45</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>3.27</td>
</tr>
<tr class="odd">
<td>Avg Q4 2005</td>
<td colspan="2">3.87</td>
<td>N/A</td>
<td>1.45</td>
<td>N/A</td>
<td>N/A</td>
<td colspan="2">1.94</td>
<td>3.67</td>
</tr>
<tr class="even">
<td>Avg 2005</td>
<td colspan="2">3.92</td>
<td>2.16</td>
<td>1.82</td>
<td>4.86</td>
<td>0.91</td>
<td colspan="2">N/A</td>
<td>3.91</td>
</tr>
<tr class="odd">
<td>January 2006</td>
<td colspan="2">5.63</td>
<td>N/A</td>
<td>N/A</td>
<td>9.68</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>7.51</td>
</tr>
<tr class="even">
<td>February 2006</td>
<td colspan="2">10.89</td>
<td>N/A</td>
<td>N/A</td>
<td>10.89</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>10.89</td>
</tr>
<tr class="odd">
<td>Avg Q1 2006</td>
<td colspan="2">7.38</td>
<td>N/A</td>
<td>N/A</td>
<td>10.08</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>8.64</td>
</tr>
<tr class="even">
<td>Avg 2006 to date</td>
<td colspan="2">7.38</td>
<td>N/A</td>
<td>N/A</td>
<td>10.08</td>
<td>N/A</td>
<td colspan="2">N/A</td>
<td>8.64</td>
</tr>
</tbody>
</table>

## Production, Supply, and Demand (PSD) Tables

### Fresh Peaches & Nectarines

+-------------------+-------+-------+-------+-------+-------+-------+
| **PSD Table**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Country**       | ###   |       |       |       |       |       |
|                   | ### C |       |       |       |       |       |
|                   | hina, |       |       |       |       |       |
|                   |  Peop |       |       |       |       |       |
|                   | les R |       |       |       |       |       |
|                   | epubl |       |       |       |       |       |
|                   | ic of |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Commodity**     | **    |       |       |       | (HA)  |       |
|                   | Fresh |       |       |       | (1000 |       |
|                   | Pe    |       |       |       | TREES |       |
|                   | aches |       |       |       | )(MT) |       |
|                   | &     |       |       |       |       |       |
|                   | Ne    |       |       |       |       |       |
|                   | ctari |       |       |       |       |       |
|                   | nes** |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | 2004  | Re    | 2005  | Est   | 2006  | For   |
|                   |       | vised |       | imate |       | ecast |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | USDA  | Post  | USDA  | Post  | USDA  | Post  |
|                   | Off   | Estim | Off   | Estim | Off   | Estim |
|                   | icial | ate\[ | icial | ate\[ | icial | ate\[ |
|                   | \[    | New\] | \[    | New\] | \[    | New\] |
|                   | Old\] |       | Old\] |       | Old\] |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Market Year     |       | 01    |       | 01    |       | 01    |
| Begin**           |       | /2005 |       | /2006 |       | /2007 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Area Planted      | 6     | 6     | 6     | 6     | 0     | 7     |
|                   | 37000 | 62900 | 45000 | 96000 |       | 15000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Area Harvested    | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Bearing Trees     | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Non-Bearing Trees | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Total Trees       | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Commercial        | 66    | 70    | 69    | 75    | 0     | 82    |
| Production        | 40000 | 10985 | 05600 | 00000 |       | 00000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Non-Comm.         | 12000 | 12000 | 15000 | 15000 | 0     | 15000 |
| Production        |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Production  | 66    | 70    | 69    | 75    | 0     | 82    |
|                   | 52000 | 22985 | 20600 | 15000 |       | 15000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Imports     | 137   | 137   | 180   | 141   | 0     | 120   |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL SUPPLY      | 66    | 70    | 69    | 75    | 0     | 82    |
|                   | 52137 | 23122 | 20780 | 15141 |       | 15120 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Domestic Fresh    | 57    | 61    | 59    | 65    | 0     | 70    |
| Consump           | 86528 | 57513 | 53780 | 23091 |       | 76620 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Exports, Fresh    | 15609 | 15609 | 22000 | 17050 | 0     | 18500 |
| Only              |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| For Processing    | 8     | 8     | 9     | 9     | 0     | 11    |
|                   | 50000 | 50000 | 45000 | 75000 |       | 20000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Withdrawal From   | 0     | 0     | 0     | 0     | 0     | 0     |
| Market            |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL UTILIZATION | 66    | 70    | 69    | 75    | 0     | 82    |
|                   | 52137 | 23122 | 20780 | 15141 |       | 15120 |
+-------------------+-------+-------+-------+-------+-------+-------+

Export Trade Matrix for Fresh Peaches & Nectarines

+-----------------+---------------------+---------------+--------------+
| ####### Expo    |                     |               |              |
| rt Trade Matrix |                     |               |              |
+-----------------+---------------------+---------------+--------------+
| **Country**     | China, Peoples      |               |              |
|                 | Republic of         |               |              |
+-----------------+---------------------+---------------+--------------+
| **Commodity**   | Fresh Peaches &     |               |              |
|                 | Nectarines          |               |              |
+-----------------+---------------------+---------------+--------------+
| Time Period     |                     | Units:        | MT           |
+-----------------+---------------------+---------------+--------------+
| Exports for:    | 2004                |               | **2005**     |
+-----------------+---------------------+---------------+--------------+
| U.S.            | 0                   | U.S.          | 0            |
+-----------------+---------------------+---------------+--------------+
| Others          |                     | Others        |              |
+-----------------+---------------------+---------------+--------------+
| Ruissia         | 9853                | Russia        | 8355         |
+-----------------+---------------------+---------------+--------------+
| Hong Kong       | 3713                | Hong Kong     | 5313         |
+-----------------+---------------------+---------------+--------------+
| Vietnam         | 975                 | Vietnam       | 2691         |
+-----------------+---------------------+---------------+--------------+
| Singapore       | 398                 | Singapore     | 261          |
+-----------------+---------------------+---------------+--------------+
| Macau           | 290                 | Macau         | 165          |
+-----------------+---------------------+---------------+--------------+
| Malaysia        | 132                 | Malaysia      | 116          |
+-----------------+---------------------+---------------+--------------+
| Thailand        | 83                  | Thailand      | 57           |
+-----------------+---------------------+---------------+--------------+
| Indonesia       | 41                  | Saudi Arabia  | 41           |
+-----------------+---------------------+---------------+--------------+
| Saudi Arabia    | 38                  | Indonesia     | 25           |
+-----------------+---------------------+---------------+--------------+
| Mongolia        | 36                  | UAE           | 15           |
+-----------------+---------------------+---------------+--------------+
| Total for       | 15559               |               | 17039        |
| Others          |                     |               |              |
+-----------------+---------------------+---------------+--------------+
| Others not      | 50                  |               | 11           |
| Listed          |                     |               |              |
+-----------------+---------------------+---------------+--------------+
| Grand Total     | 15609               |               | 17050        |
+-----------------+---------------------+---------------+--------------+

Average National Export Prices for Fresh Peaches and Nectarines

+---------------------+-------------+-----------+----------------------+
| #                   |             |           |                      |
| ###### Prices Table |             |           |                      |
+---------------------+-------------+-----------+----------------------+
| **Country**         | China,      |           |                      |
|                     | Peoples     |           |                      |
|                     | Republic of |           |                      |
+---------------------+-------------+-----------+----------------------+
| **Commodity**       | Fresh       |           |                      |
|                     | Peaches &   |           |                      |
|                     | Nectarines  |           |                      |
+---------------------+-------------+-----------+----------------------+
| Prices in           | \$US        | per uom   | MT                   |
+---------------------+-------------+-----------+----------------------+
|                     |             |           |                      |
+---------------------+-------------+-----------+----------------------+
| Year                | 2004        | 2005      | \% Change            |
+---------------------+-------------+-----------+----------------------+
| Jan                 | 150         | 130       | -13%                 |
+---------------------+-------------+-----------+----------------------+
| Feb                 | 170         | 180       | 6%                   |
+---------------------+-------------+-----------+----------------------+
| Mar                 | 230         | 950       | 313%                 |
+---------------------+-------------+-----------+----------------------+
| Apr                 | 420         | 410       | -2%                  |
+---------------------+-------------+-----------+----------------------+
| May                 | 340         | 360       | 6%                   |
+---------------------+-------------+-----------+----------------------+
| Jun                 | 290         | 340       | 17%                  |
+---------------------+-------------+-----------+----------------------+
| Jul                 | 330         | 310       | -6%                  |
+---------------------+-------------+-----------+----------------------+
| Aug                 | 340         | 360       | 6%                   |
+---------------------+-------------+-----------+----------------------+
| Sep                 | 240         | 270       | 13%                  |
+---------------------+-------------+-----------+----------------------+
| Oct                 | 270         | 220       | -19%                 |
+---------------------+-------------+-----------+----------------------+
| Nov                 | 160         | 150       | -6%                  |
+---------------------+-------------+-----------+----------------------+
| Dec                 | 160         | 130       | -19%                 |
+---------------------+-------------+-----------+----------------------+
|                     |             |           |                      |
+---------------------+-------------+-----------+----------------------+
| Date of Quote       | 2/27/2006   | M         |                      |
|                     |             | M/DD/YYYY |                      |
+---------------------+-------------+-----------+----------------------+

### Fresh Plums & Prunes

+-------------------+-------+-------+-------+-------+-------+-------+
| **PSD Table**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Country**       | ###   |       |       |       |       |       |
|                   | ### C |       |       |       |       |       |
|                   | hina, |       |       |       |       |       |
|                   |  Peop |       |       |       |       |       |
|                   | les R |       |       |       |       |       |
|                   | epubl |       |       |       |       |       |
|                   | ic of |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Commodity**     | ##    |       |       |       | (HA)  |       |
|                   | ####  |       |       |       | (1000 |       |
|                   | Fresh |       |       |       | TREES |       |
|                   |  Plum |       |       |       | )(MT) |       |
|                   | s & P |       |       |       |       |       |
|                   | runes |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | 2004  | Re    | 2005  | Est   | 2006  | For   |
|                   |       | vised |       | imate |       | ecast |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | USDA  | Post  | USDA  | Post  | USDA  | Post  |
|                   | Off   | Estim | Off   | Estim | Off   | Estim |
|                   | icial | ate\[ | icial | ate\[ | icial | ate\[ |
|                   | \[    | New\] | \[    | New\] | \[    | New\] |
|                   | Old\] |       | Old\] |       | Old\] |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Market Year     |       | 01    |       | 01    |       | 01    |
| Begin**           |       | /2005 |       | /2006 |       | /2007 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Area Planted      | 3     | 3     | 3     | 3     | 0     | 3     |
|                   | 48000 | 48000 | 52000 | 55000 |       | 60000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Area Harvested    | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Bearing Trees     | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Non-Bearing Trees | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Total Trees       | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Commercial        | 16    | 16    | 16    | 16    | 0     | 17    |
| Production        | 30000 | 30000 | 50000 | 80000 |       | 10000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Non-Comm.         | 9000  | 9000  | 8800  | 8800  | 0     | 8000  |
| Production        |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Production  | 16    | 16    | 16    | 16    | 0     | 17    |
|                   | 39000 | 39000 | 58800 | 88800 |       | 18000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Imports     | 5588  | 5588  | 3000  | 8551  | 0     | 7000  |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL SUPPLY      | 16    | 16    | 16    | 16    | 0     | 17    |
|                   | 44588 | 44588 | 61800 | 97351 |       | 25000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Domestic Fresh    | 10    | 10    | 10    | 10    | 0     | 10    |
| Consump           | 43055 | 43055 | 53300 | 64000 |       | 91000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Exports, Fresh    | 6533  | 6533  | 8500  | 7451  | 0     | 8560  |
| Only              |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| For Processing    | 5     | 5     | 6     | 6     | 0     | 6     |
|                   | 95000 | 95000 | 00000 | 25900 |       | 25440 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Withdrawal From   | 0     | 0     | 0     | 0     | 0     | 0     |
| Market            |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL UTILIZATION | 16    | 16    | 16    | 16    | 0     | 17    |
|                   | 44588 | 44588 | 61800 | 97351 |       | 25000 |
+-------------------+-------+-------+-------+-------+-------+-------+

Trade Matrices for Fresh Plums & Prunes

  ------------------- ----------------- ------------------- --------------
  **Import Trade                                            
  Matrix**                                                  

  **Country**         China, Peoples                        
                      Republic of                           

  **Commodity**       Fresh Plums &                         
                      Prunes                                

  Time Period                           Units:              MT

  Imports for:        2004                                  **2005**

  U.S.                0                 U.S.                0

  Others                                Others              

  New Zealand         5371              New Zealand         8551

  Chile               217                                    

                                                             

  Total for Others    5588                                  8551

  Others not Listed   0                                     0

  Grand Total         5588                                  8551
  ------------------- ----------------- ------------------- --------------

+----------------------+------------+--------------+------------------+
| #######              |            |              |                  |
|  Export Trade Matrix |            |              |                  |
+----------------------+------------+--------------+------------------+
| **Country**          | China,     |              |                  |
|                      | Peoples    |              |                  |
|                      | Republic   |              |                  |
|                      | of         |              |                  |
+----------------------+------------+--------------+------------------+
| **Commodity**        | ########   |              |                  |
|                      | Fresh Plum |              |                  |
|                      | s & Prunes |              |                  |
+----------------------+------------+--------------+------------------+
| Time Period          |            | Units:       | MT               |
+----------------------+------------+--------------+------------------+
| Exports for:         | 2004       |              | **2005**         |
+----------------------+------------+--------------+------------------+
| U.S.                 | 0          | U.S.         | 0                |
+----------------------+------------+--------------+------------------+
| Others               |            | Others       |                  |
+----------------------+------------+--------------+------------------+
| Russia               | 2418       | Vietnam      | 3526             |
+----------------------+------------+--------------+------------------+
| Hong Kong            | 1973       | Russia       | 1837             |
+----------------------+------------+--------------+------------------+
| Vietnman             | 1604       | Hong Kong    | 1792             |
+----------------------+------------+--------------+------------------+
| Pakistan             | 149        | Pakistan     | 88               |
+----------------------+------------+--------------+------------------+
| Macau                | 133        | Malaysia     | 73               |
+----------------------+------------+--------------+------------------+
| Malaysia             | 130        | Macau        | 64               |
+----------------------+------------+--------------+------------------+
| Singapore            | 94         | Sinpapore    | 61               |
+----------------------+------------+--------------+------------------+
| India                | 15         | Italy        | 3                |
+----------------------+------------+--------------+------------------+
| Indonesia            | 12         | Spain        | 2                |
+----------------------+------------+--------------+------------------+
| Sri Lanka            | 3          | Japan        | 2                |
+----------------------+------------+--------------+------------------+
| Total for Others     | 6531       |              | 7448             |
+----------------------+------------+--------------+------------------+
| Others not Listed    | 2          |              | 3                |
+----------------------+------------+--------------+------------------+
| Grand Total          | 6533       |              | 7451             |
+----------------------+------------+--------------+------------------+

Average National Export Prices for Fresh Plums & Prunes

  ------------------------ --------------- --------------- ---------------
  **Prices Table**                                         

  **Country**              China, Peoples                  
                           Republic of                     

  **Commodity**            Fresh Plums &                   
                           Prunes                          

  Prices in                \$US            per uom         MT

                                                           

  Year                     2004            2005            \% Change

  Jan                      N/A             130             #VALUE!

  Feb                      N/A             120             #VALUE!

  Mar                      230             180             -22%

  Apr                      390             350             -10%

  May                      660             410             -38%

  Jun                      290             280             -3%

  Jul                      190             230             21%

  Aug                      270             270             0%

  Sep                      230             300             30%

  Oct                      230             180             -22%

  Nov                      140             170             21%

  Dec                      N/A             150             #VALUE!

                                                           

  Date of Quote            2/27/2006       MM/DD/YYYY      
  ------------------------ --------------- --------------- ---------------

### Fresh Apricots

+-------------------+-------+-------+-------+-------+-------+-------+
| **PSD Table**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Country**       | ###   |       |       |       |       |       |
|                   | ### C |       |       |       |       |       |
|                   | hina, |       |       |       |       |       |
|                   |  Peop |       |       |       |       |       |
|                   | les R |       |       |       |       |       |
|                   | epubl |       |       |       |       |       |
|                   | ic of |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Commodity**     | #     |       |       |       | (HA)  |       |
|                   | ##### |       |       |       | (1000 |       |
|                   |  Fres |       |       |       | TREES |       |
|                   | h Apr |       |       |       | )(MT) |       |
|                   | icots |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | 2004  | Re    | 2005  | Est   | 2006  | For   |
|                   |       | vised |       | imate |       | ecast |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | USDA  | Post  | USDA  | Post  | USDA  | Post  |
|                   | Off   | Estim | Off   | Estim | Off   | Estim |
|                   | icial | ate\[ | icial | ate\[ | icial | ate\[ |
|                   | \[    | New\] | \[    | New\] | \[    | New\] |
|                   | Old\] |       | Old\] |       | Old\] |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Market Year     |       | 01    |       | 01    |       | 01    |
| Begin**           |       | /2005 |       | /2006 |       | /2007 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Area Planted      | 2     | 2     | 2     | 2     | 0     | 3     |
|                   | 69000 | 69000 | 80000 | 82000 |       | 15000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Area Harvested    | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Bearing Trees     | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Non-Bearing Trees | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Total Trees       | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| Commercial        | 10    | 10    | 10    | 11    | 0     | 12    |
| Production        | 25000 | 25000 | 50000 | 20000 |       | 50000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Non-Comm.         | 17500 | 17500 | 17800 | 17800 | 0     | 16000 |
| Production        |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Production  | 10    | 10    | 10    | 11    | 0     | 12    |
|                   | 42500 | 42500 | 67800 | 37800 |       | 66000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL Imports     | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL SUPPLY      | 10    | 10    | 10    | 11    | 0     | 12    |
|                   | 42500 | 42500 | 67800 | 37800 |       | 66000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Domestic Fresh    | 5     | 5     | 5     | 5     | 0     | 5     |
| Consump           | 31541 | 31541 | 36600 | 47488 |       | 68000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Exports, Fresh    | 959   | 959   | 1200  | 1412  | 0     | 2000  |
| Only              |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| For Processing    | 5     | 5     | 5     | 5     | 0     | 6     |
|                   | 10000 | 10000 | 30000 | 88900 |       | 96000 |
+-------------------+-------+-------+-------+-------+-------+-------+
| Withdrawal From   | 0     | 0     | 0     | 0     | 0     | 0     |
| Market            |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| TOTAL UTILIZATION | 10    | 10    | 10    | 11    | 0     | 12    |
|                   | 42500 | 42500 | 67800 | 37800 |       | 66000 |
+-------------------+-------+-------+-------+-------+-------+-------+

Trade Matrix for Fresh Apricots

### Fresh Cherries

  -------------------- ------------------------- ----------------- ---------- ----------------- ------------ -----------------
  **PSD Table**                                                                                              

  **Country**          **China, Peoples Republic                                                             
                       of**                                                                                  

  **Commodity**        **Fresh                                                                  (HA)(1000    
                       Cherries,(Sweet&Sour)**                                                  TREES)(MT)   

                       2004                      Revised           2005       Estimate          2006         Forecast

                       USDA Official \[Old\]     Post              USDA       Post              USDA         Post
                                                 Estimate\[New\]   Official   Estimate\[New\]   Official     Estimate\[New\]
                                                                   \[Old\]                      \[Old\]      

  **Market Year                                  01/2005                      01/2006                        01/2007
  Begin**                                                                                                    

  Area Planted         35305                     35305             42300      40500             0            44500

  Area Harvested       0                         0                 0          0                 0            0

  Bearing Trees        0                         0                 0          0                 0            0

  Non-Bearing Trees    0                         0                 0          0                 0            0

  Total Trees          0                         0                 0          0                 0            0

  Commercial           64000                     64000             81000      89600             0            116500
  Production                                                                                                 

  Non-Comm. Production 0                         0                 0          0                 0            0

  TOTAL Production     64000                     64000             81000      89600             0            116500

  TOTAL Imports        702                       702               350        286               0            200

  TOTAL SUPPLY         64702                     64702             81350      89886             0            116700

  Domestic Fresh       64452                     64387             80930      89525             0            116280
  Consump                                                                                                    

  Exports, Fresh Only  0                         65                120        61                0            100

  For Processing       250                       250               300        300               0            320

  Withdrawal From      0                         0                 0          0                 0            0
  Market                                                                                                     

  TOTAL UTILIZATION    64702                     64702             81350      89886             0            116700
  -------------------- ------------------------- ----------------- ---------- ----------------- ------------ -----------------

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