After the Chinese New Year, the price of garlic has been relatively stable, and cheap items cannot be exported, while the price of good ones is not low. Therefore, the recent market can be described as "a penny for a penny". Annie, the sales manager of Jining Fenduni Foodstuff Co., Ltd., accepted an interview with FreshPlaza to talk about the recent garlic market.
"In terms of the export market, there is a large demand in Africa, South America and Dubai, and we receive many inquiries every day. Some customers have indicated that they have new purchasing plans this year. In terms of price, the current market price is already very low, and there is no room for further decline. At the beginning of the busy farming season in the producing area, the labor cost is on the rise. We suggest that customers who plan to purchase small packaging products place orders in advance so that we can have enough workers to prepare."
According to Annie, the current shipping costs are on the decline, and the freight to most ports has returned to the pre-pandemic level. "The decline in shipping costs has reduced customers' costs to a certain extent and further promoted customers' imports."
The harvest of new garlic is expected to begin in May. At present, the new garlic in the producing area is growing well, but the garlic planting area has been reduced by 20% this season. "The reduction of planting area will inevitably affect the price of fresh garlic. We suggest that it is necessary for merchants to purchase enough old garlic before the fresh garlic on the market," Annie said.
"The pandemic has been going on for more than three years, and almost no overseas customers have come to the place of origin. With the complete liberalization of the domestic pandemic controls, the market has returned to normal. We welcome new and old customers from all markets."