The price of garlic from storage recently fluctuated. There are more and more production areas with medium and small supplies of garlic waiting for retail, and some production areas with large amounts of garlic supply are beginning to appear as well. Although the price fluctuations in Jinxiang, Qi County, Zhongmu, and Pizhou are not severe, there is a clear decline in trade volume.
Traders who stocked their warehouses with garlic purchased late in the season can sell their stock with a slight profit, but traders who stocked their warehouses with garlic purchased early in the season would still suffer financial losses if they sold their garlic now. The traders who are able to make a profit are slowly bringing their garlic on the market. There are only a few traders who are supplying large volumes of garlic. There are quite a few buyers who are looking for large volumes of top-quality garlic, but they are taking a step back to see how the market develops. Market supply is gradually growing.
The domestic market can only absorb a limited volume of garlic because the purchase price in production areas is too high. Visiting traders in wholesale markets only purchase enough garlic to meet guaranteed demand. Export traders are also buying less garlic now that the export season to Indonesia is coming to an end. Furthermore, there are not many production areas that produce garlic which meets the high standards of the export market. However, there is still a steady demand from other overseas markets which keeps the export price from falling.