Fruit to rise after a price cut (7)
I believe the answer is:
apricot
'fruit' is the definition.
(type of fruit)
'to rise after a price cut' is the wordplay.
'rise' says the letters should be written backwards.
'after' is a charade indicator (letters next to each other).
'cut' means to remove the last letter.
'to' back-to-front is 'ot'.
'a'+'price'='aprice'
'aprice' with its final letter removed is 'apric'.
'ot' put after 'apric' is 'APRICOT'.
(Other definitions for apricot that I've seen before include "Fruit resembling a peach" , "A fruit-tree" , "Small, peach-like fruit" , "Orange-yellow colour; fruit" , "Rip coat (anag) - fruit" .)