Latam countries' exports to mainland growing

SHANGHAI - Avocados used to be an exotic fruit that came with a high price tag in China, but no more, thanks to rising trade with Latin America.

In 2017, China imported more than 30,000 metric tons of the fruit, over 1,000 times the amount in 2011. Along with the soaring volume, the price dropped from about 50 yuan ($7.44) to 10 yuan per avocado on the domestic retail market.

Vladimir Kocerha, economic and commercial counselor of Peru in Shanghai, said the avocado trade had benefited from China's cuts in import tariffs and continuous increases in imports of Latin American fruit.