The specialized garlic market in Jinxiang, Shandong, continued as usual during Mid-Autumn Festival [24 September], despite two days of continuous rainfall on September 18-19. Garlic farmers have little stock left and the garlic is already beginning to sprout. Farmers tend to hold on to their top-quality garlic, while they sell their medium-quality garlic with vigor. As the garlic sprouts increase, so does the vigor with which garlic farmers sell.
Garlic market analysis and predictions for this week
1. It will take a little longer before garlic planting begins again, and garlic farmers are selling off the last of their stock.
2. The garlic processing industry stopped production on September 20th because the production volume is large, supply is abundant, and the price is growing weaker.
3. The Mid-Autumn Festival is over and the number of people coming to the market increases, but the farming season has already begun, so the overall number of people in the market is not great.
4. The export volume of garlic is decreasing. The overall export volume of garlic between August 1-20 reached 920 thousand tons, while the overall export volume between September 1-20 reached 690 thousand tons. This is a decrease of 25%.
5. The sales of fresh garlic are over, while garlic from storage gradually takes over the market. The price fluctuation in this transitional period is not likely to be great.
This analysis suggests that the price of garlic is likely to remain stable in the coming week.
Source: Shandong Jinxiang Market