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Goodfarmer, one of China’s leading importers and distributors of fresh fruit, has passed a key regulatory hurdle as it plans an IPO of A shares on the Shanghai Stock Exchange.

One of Japan’s most notable ultra-luxury fruit varieties set a new record on July 9, when a single bunch of Ruby Roman grapes containing 24 individual ping pong ball-sized fruits was auctioned for 1.2 million yen—or more than $11,000.

Over the next decade there will be, “strong growth opportunities in high value fruit and vegetable crops provide opportunities for smallholders” in the region, amidst rising demand from export markets and shifting consumption within the region away from staples and toward meat, fruits and vegetables.

The first shipment to China from this year’s Turkish cherry season was reportedly sent out from the city of Afyonkarahisar in western Turkey’s Afyon province on June 27. With recent news that Turkish cherries exported to China will no longer be required to undergo cold treatment, and US-China trade tensions reducing volumes and raising prices of US cherries in China, representatives from the fruit industry and government in Turkey have high expectations for the development of the China market in this and coming seasons.