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It is predicted that the price of fresh garlic in November will generally show a slight fluctuation

China: Garlic stocks are large and consumption in domestic and foreign consumer markets is sluggish

In 2021, the total garlic inventory in China will be about 4.5 million tons (including several hundred thousand tons of aged garlic). As garlic was shipped out of storage earlier this year, about 300,000 tons were shipped in September and about 400,000 tons were shipped in October. As of November 1st, there are still more than 3.8 million tons of inventory. The garlic inventory is large, the domestic and foreign consumer market consumption is sluggish, but the consumer market slightly improved in November.

Now is the early stage of fresh-keeping garlic sales, and the sales period is still very long. Most of the storage dealers want to make a profit. The current garlic prices are basically covering the costs or allowing just a bit of profit. Therefore, most of the storage dealers have a relatively stable mentality, and only a small number of them are not optimistic about the future, so want to get out of the situation before the end of garlic planting. The price of aged garlic has a price advantage compared with the price of fresh-keeping garlic, and the enthusiasm for selling is higher.

Another market factor that will affect the future trend of garlic prices is that this year may be a "La Niña Year". Moreover, there are many factors that affect the climate. Even the "La Niña Year" cannot be absolutely said to predict a cold winter.

Based on the above comprehensive analysis of favorable and unfavorable factors, it is predicted that the price of fresh-keeping garlic in November will generally show a slight fluctuation. In the long run, the price of garlic will show a downward trend after the new year.

Source: Jinxiang Garlic Wholesale Market Information Center


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