The price of preserved garlic in the Jinxiang Market showed an upward trend last week. The harvest of late-season garlic finished last weekend. As the harvest of fresh garlic is gradually drying, the overall trade volume of new garlic grows, while the trade volume of preserved garlic declines. The price is firm. Fresh garlic is not yet properly dried and the export processing industry has not yet properly started. The export processing industry still mainly relies on preserved garlic. Furthermore, only a small proportion of the preserved garlic meets the high standards in the export processing industry, which is why the price is firm.
This is the season when preserved garlic and fresh garlic are both on the market at the same time. Traders in the domestic market also purchase a combination of preserved garlic and fresh garlic, just as traders in the export processing industry. The enthusiasm of buyers for preserved garlic is low and the trade volume is small. Some visiting traders purchase fresh garlic and leave. The trade volume of preserved garlic is growing smaller.
Traders with garlic in storage show a regular eagerness to sell their stock. The price of top-quality garlic remains strong. Speculators follow market trends. The trade volume of preserved garlic in the domestic market is small and growing smaller. Fresh garlic is gradually replacing preserved garlic and the retail volume of preserved garlic will decline even further.
Source: Shandong Jinxiang Market