Chinese garlic exports reach record high

The air-drying of Chinese garlic began in early May. The market was quickly dominated by half-dried garlic, but the growing supply volume kept the price low. Furthermore, traders with garlic in storage were eager to empty their warehouses for the new season, which pushed the price even further down.

China exported around 796 thousand tons of fresh garlic and garlic from refrigerated storage in the period between January and May, 2020. That is an increase of 270.1 thousand tons or 51.36% in comparison with the 525.9 thousand tons exported in the same period last year. The export volume in May reached 281.1 thousand tons, which is the highest export volume in May in the period 2009-2020.

The supply volume of fresh garlic was large in May and the supply volume of half-dried garlic was growing. Add to this the disinfecting qualities of garlic, during a pandemic, and there is no surprise that Chinese garlic sold well in overseas markets. Sine the price of Chinese garlic was quite low, the order volume from overseas traders only increased. The export price of Chinese garlic was 764.84 USD per ton in May, that is a decline of 34.9% in comparison with the export price of 1,174.8 USD per ton in March.

Source: 51garlic.com


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