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Jinxiang Market

Price of Chinese garlic continues to rise, trade volume slightly declines

The highest price of garlic showed a slight decline last week, but the average price continued to show a steady rise. Domestic and international demand is strong. Buyers passively accept the current price, but they are not buying large volumes. The overall trade volume is not that large. Consumers generally follow buyers. The main reason for the price increase is speculation in the garlic market. Traders who speculate in the garlic market create a bubble that force the price up without significantly increasing the trade volume.

Source: Shandong Jinxiang Market

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