Price of Chinese leek rises before Chinese Spring Festival

The price of Chinese leeks showed an upward trend in the period leading up to Chinese Spring Festival [25 January, 2020]. Leek production in Shandong production areas slowly moved to Jiangsu production areas in December last year. The market conditions of winter leek have been quite stable and dull in the last two years. However, the prices have now increased from 1.2-1.3 yuan [0.17-0.19 USD] per 0.5 kg last week to 1.7-1.8 yuan [0.25-0.26 USD] per 0.5 kg this week. Leek is now 0.2-0.3 yuan [0.03-0.04 USD] more expensive than around the same period last year.

The rising price of leek is important because major leek production ares in Qidong, Jiangsu, recently suffered from frequent rainfall, which is an inconvenience for the leek harvest. Most of the leek currently on the market is 'clean leek', which is more expensive.

Market conditions for Jiangsu leek are still quite good. Leek from Fujian is only available in small volumes. The wholesale price of leeks is likely to fluctuate after Spring Festival, if the weather conditions remain regular.

Source: Jinri Toutiao


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