Price Chinese garlic now beats European
"Currently, garlic prices in Europe hover around 2.20 Euro per kilogram. In China, prices go up to 2.70 Euro per kilogram. We believe the price in China will come down eventually, so the risks if one wants to export at this moment in time, are high. Export to other markets such as Indonesia and Brazil has also significantly reduced."
"For a big part, the current situation is not normal. Part of it can be explained by the situation on the local market. Farmers have started to buy the new crop to plant in October. Because garlic prices have been high this year, this year's new plantings will be considerably larger than last year's. Another reason why prices are elevated is that farmer's and trading companies keep holding big stocks. Eventually, they will have to start lowering their price and start selling."