Walnut market cracks open more opportunity for all in Xinjiang
2021-10-14
Vehicles queue in a long line as people buy and sell walnuts in the trading area. Meanwhile, workers are busy shelling, kernelling and sorting in the walnut sorting area, and a livestream host promotes walnuts online in the e-commerce operation center.
Every single day, a bustling scene of activity fills the Xinjiang Walnut Trading Market in Hotan prefecture in Xinjiang Uygur autonomous region.
The trading market is located in Bagqi town of Hotan county, which is the primary walnut production area in Xinjiang's Hotan prefecture and a place renowned for its thin-skinned walnuts.
The trading market was constructed by Xinjiang Guoye Company with an investment of 400 million yuan ($62 million).
"I just sold over 800 kilograms of walnuts yesterday for 24 yuan per kg. In the peak season, it's not hard to earn 10,000 yuan monthly, thanks to the trading market platform," said Abdu, a local farmer, sitting in the clearing center's lobby with bills waiting to be exchanged.
In the past, farmers often suffered losses if they personally contacted buyers to sell their walnuts, and couldn't even receive payments on time. Farmers and buyers are now required to open accounts in the market, and the latter must ensure they have money in their account to avoid default.
After the transactions, farmers can go to the clearing center and choose to settle their bills through cash or online payment. The fair and transparent business environment has protected the interests of local farmers.
Thanks to the convenient transportation network, the area's high-quality walnuts can be enjoyed by more people, beyond the local residents. It only takes three to seven days for those tiny nuts to be transported out of Xinjiang and reach every corner of China.
The improved logistics chain has also led the company to set up more than 5,000 online shops and counters in supermarkets across China.
"In 2020, the trade volume of walnuts in the trading market reached 130,000 tons, with an annual turnover of 329 million yuan," said Gao Guowei, deputy general manager of the company.
"This year, it is estimated that the trade volume will reach 200,000 tons and the turnover will reach about 500 million yuan."
"We aim to build the world's best walnut planting and processing base and the largest walnut wholesale and distribution center in China in two to three years," said Gao. "And we want to create a broader platform for local people to steadily increase their income and help revitalize rural areas in Hotan."