The garlic price has been low since the middle of July. How will the garlic price continue to develop in the next half of this year?
A market analysis of garlic from refrigerated storage first requires an understanding of the garlic price during the period when buyers stocked their refrigerated warehouses. Buyers began to purchase garlic for storage in the middle of July. At that time the garlic price was around 3.6-3.7 yuan [0.51-0.52 USD] per 0.5 kg. The current price is around 3.2-3.3 yuan [0.45-0.47 USD] per 0.5 kg. Add to this the cost price of selection, transport, and refrigerated storage, and this year the price of garlic purchased for refrigerated storage is more than 4 yuan [0.57 USD] per 0.5 kg.
Second, this year the garlic harvest was abundant. The volume of garlic that will enter refrigerated storage is therefore likely quite large as well. This will certainly have an impact on the price of garlic from refrigerated storage.
Third, the expansion of surface area devoted to garlic plantation also affects the garlic price. If the surface area greatly expands, then the industry will consume a larger volume of garlic seeds, which will have a positive impact on the price of garlic from refrigerated storage.
Source: toutiao.com