Chinese spring onion prices soaring

Recently, the price of green onions, ginger and other daily condiments has doubled. In some wholesale markets, the wholesale price of green onions has tripled compared with the same period in previous years. So why did prices soar, considering this is not a peak season for demand? 

Data from the China Vegetable Circulation Association show that on November 11, the price of green onions in Zhangqiu, the main producing area, was about 1.30 yuan per half a kilo, showing an increase of 160% year-on-year. The price in Henan, another major producing area, was around 1.45 yuan per half a kilo, showing an increase of 0.8 yuan (up 123.08%) compared with late August.

Chen Mingjun, Executive Vice President of the China Vegetable Circulation Association, said that green onions are supplied with other crops. The products currently on the market are mainly from Shandong, Henan, Hebei and other producing areas, and the ones to be marketed later are from Jiangsu and Zhejiang. As the planted area in Jiangsu and Zhejiang is also lower, supply before the Spring Festival is expected to remain tight.

Source: CCTV

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