The price of Fuzhou garlic drops 60% compared to last year
Last year in this period, the retail price of Fuzhou garlic was 13 yuan per 0.5 kilo. This year the price fell over 60%. This fall in prices is due to supply and demand. Last year the price for garlic was good, so this year many Shandong farmers expanded their garlic production area. Furthermore, this year the production areas in Shandong and other places experienced excellent weather conditions. Last year was a lean year with a production of 700-800 kilo garlic per 0.07 hectare. This year was an abundant year with a production of 1100 kilo or more per 0.07 hectare. Following the large increase in garlic production, the price dropped equally hard.
Source: Haidu News Report
Publication date: 11/24/2017
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