Just 10 days ago, garlic shoots were fetching high prices, but now, their prices have fallen lower than those of cabbages. The purchase price fell from 5 yuan to 0.4 yuan, experiencing a sheer drop of 4.6 yuan in just 10 days. This brings much frustration to many growers, as they can only sell the crop at low prices as it matures. There are a few reasons for this plummet in prices:
Reduced production last year
Last year's total production dropped significantly, which affected market supply. This year, people began to plant on a large scale, leading to reduced demand in the market. With an increasing number of growers, market demand began to exceed demand, and prices would naturally be affected.
The weather this year has been unstable, leading to root rots. Most crops are early varieties, so growers are forced to market them before they deteriorate, which would naturally affect the price.
Increased number of supply regions
With the weather becoming warmer, many northern growers also started harvesting. Early supplies in Northern China were shipped from the south, and prices were high due to transport cots and various other reasons. However, as the crop matures in the northern region, with the reduced transportation costs and large supply, the current price would naturally be lower than before.
The overall market is not ideal
The overall market situation for this vegetable is not ideal and is not as stable as that of other vegetables. Therefore, many traders are reluctant to purchase garlic shoots. Affected by the overall market situation, this year's prices was inevitably greatly affected.
Source: Today's Headlines