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China: Price of garlic shoots falling

The price of garlic shoots has shown a downward trend this week. The main reasons for this development are as follows: first, shoots arrived on the market in large volume, so that supply exceeds demand. The supply volume this week predominantly came from two production areas in Zhongmou and Kaifeng. The plantation and maturation periods are relatively close to each other, so that the supply volume of garlic shoots increased daily. This has caused the balance between supply and demand to be disturbed. This in turn caused the price of garlic shoots to drop.

Second, the surface area for garlic shoot plantations increased blindly as a result of high garlic prices last year. This has caused the price to drop this year. It is estimated that the price will continue to fall as the supply volume continues to increase.

Source: szonline.net
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