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Prices of Chinese garlic in November 2019 rose and fell sharply

In November 2019, the garlic market in China was highly volatile. After reports of rotten roots, yellowing leaves, and dead seedlings flew around, the market once again picked up its morale. The stockpilers were cautious about selling their stock, and some were reluctant to sell. There was limited supply of large sizes in the market, so sellers demanded high prices, and wholesalers only shipped the exact additional orders needed.

During that month, a fair number of containers were shipped to Indonesia and South Asia, and export packagers were enthusiastic about purchasing. Driven by both domestic sales and exports, the price of storage garlic reached its peak. In Jinxiang, the price of mixed grades rose from 3.6 yuan/half a kilo to about 3.90 yuan, 0.3 yuan higher than the beginning of the month.

In late November, new supplies increased, and sellers became more motivated to sell. The asked price of some lower grades or products needing a quick sale became more flexible. Exporters purchased less stock, merchants with rigid demand offered low prices and chose supplies at their will, and stockpilers offered discounted prices, leading stock prices to drop by about 0.2 yuan.

Source: 51Garlic


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