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China : Jinxiang garlic prices rise as Mid-Autumn festival approaches

In the Jinxiang garlic market, the price of garlic showed a steady upward trend last week. The amount of garlic in the hands of garlic farmers was very small. Since garlic has entered the germination stage, garlic has been half-budded, and the sales of garlic farmers are still okay. Recently, the price of garlic has risen slightly, and the main reasons for the continuous decline in trading volume are:

1: The export processing volume has been greatly reduced.

2: The stock-out of storage garlic has been increasing, mainly because processing exporters are making purchases.

3: Many garlic farmers are planting garlic as there's less than two weeks to the time of garlic planting. The amount of garlic in the hands of garlic farmers is not much, the remaining amount is not large, and garlic farmers are still asking for a higher price.

4: The garlic flake enterprise in the food park resumed production on September 10. Due to the small amount of raw garlic, the purchasing price is rising and the sales price of garlic flake has weakened. The number of merchants processing garlic flakes has decreased drastically, the transaction volume of raw materials for garlic flake has plummeted, and the processing cost of garlic flake has been greatly reduced.

It is predicted that the price of garlic will continue to rise in the next week, and the volume of garlic outside the warehouse will decrease, and the volume of fresh garlic will increase.

Source: Shandong Jinxiang Market

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