"The price of Chinese garlic has shown an upward trend since the Chinese Spring Festival [February 5th, 2019], which is mainly because speculating traders were initially hoarding garlic, and only later did they gradually release their stock. The Chinese garlic market is a speculation market. The volume of garlic still in storage in Jinxiang is huge. An estimated 30% of last year's harvest is currently in storage. The garlic in storage will undoubtedly enter the market together with fresh garlic later this year. This is the moment when speculating traders may earn a profit, but their speculation is not beneficial for the overall market." This is according to Liu Qingfeng of Junan County Greenfood Co., Ltd.
"As for the new production season, early-season garlic from Yunnan already entered the market in March, and early-season garlic from Henan also recently entered the market. However, the product quality of such early-season varieties is not good enough for overseas export. They are only suitable for the domestic market. Garlic from Shandong will only enter the market in late May. Overseas buyers are waiting for the price to come down and the product quality to go up. The current garlic market is therefore in a slow season during much of April and May, until trade picks up again in late May."
"The overall export price of Chinese garlic is stable in a high position, and the export volume did not decline in comparison with last year. We expect the overall production volume of Chinese garlic to decline by around 15% in comparison with last year. Still, supply will continue to exceed demand. This is mainly because excessive production last year means that warehouses are stocked with last year's garlic."
Contact person: Helen Wang
Company name: Junan County Greenfood Co., Ltd.
E-mail address: email@example.com
Telephone number: +86 15666337366
Company website: www.garlic86.com
Liu Qingfeng - CEO
Telephone number: +86 136 7120 5136
E-mail address: firstname.lastname@example.org