There are three reasons for this year's drop in volume but surge in prices. First, solid domestic demand. Early 2016 was cold, so the price for leaf vegetables is steep and the market demand consequently turns to carrots. Transactions are also settled swiftly. Second, the production volume decreased, again due to the winter cold. Third, the cultivation area shrank. Last production season, the supply was bigger than the demand. The result was lowered benefits. The financial blow for the farmers led to a reduction of the cultivation area.
Source: www.cqn.com.cn