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Market price of Chinese garlic grows stronger

Even towards the end of August the Chinese garlic market is still as active as ever. Garlic from supplies other than warehouses has been popular the entire season and the price is growing stronger. For example, common garlic from Jinxiang reached a high point of 2.05 yuan [0.30 USD] per 0.5 kg on August 17. The garlic price continues to soar.

The overall trend is rising for garlic from supplies other than warehouses. First, the trade season for this type of garlic is almost over. Although different production areas have different supply levels, in general the supply volume is growing smaller. Furthermore, top-quality garlic only accounts for a small percentage of the supply volume. The supply volume and the trade volume are both coming down. The imbalance between supply and demand is slowly easing up. Second, although autumn is near, the garlic has not yet sprouted. In addition, the price of garlic from supplies other than warehouses is lower than the price of garlic from refrigerated storage, which means that the former is still the most popular choice for developing markets and garlic processing factories.

The current supply volume of garlic from refrigerated storage is extremely small. Only a small volume is exported to Europe and the USA.

The overall export volume of Chinese garlic, both fresh and from refrigerated storage, totaled 1,025,000 tons, which is 316,400 tons more than the 708,600 tons of last year. That is an increase of 44.65%.

Source: 51garlic.com


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