China: The planting of garlic will end around the Shuangjiang, and the price is predicted to weaken steadily

Recently, garlic prices have been operating in an A-shaped pattern. Generally speaking, the amount of stock in the early stage is sufficient. The new-harvested garlic in storage has not been actively ordered, and the price has risen slightly. In the later period, they were sold more, and prices declined slightly. On the whole, prices were basically stable.

The earlier fresh-keeping garlic mainly focuses on the just-demand market and peeled garlic purchases. The purchasing enthusiasm is average, and the price declines. Due to busy farming and few processing workers, most buyers purchase on demand. The procurement is not active. The volume of garlic in stock is average, and the garlic shoots are entering the market. It is expected that garlic planting will end before Shuangjiang on October 23. Due to the late planting of garlic and the late market entry of garlic shoots, the market volume will increase, and the price of garlic shoots will fall around 2.6-3.0 RMB/kg.

At this stage, some stockholders are active in selling garlic, and some are not. Garlic speculators are less involved in the purchasing stage. As some local farmers have finished garlic planting, the number of workers in the processing plants are sufficient and the purchasing enthusiasm is slightly higher and the overall garlic price is basically stable.

At present, most stockholders sell garlic to cover their costs with a bit of marginal profit. Because of the loss of the positive effects of rain, the stockholders begin to sell actively, and the asking price is stable or a bit lower. However, as the weather improves, this benefit of rain will gradually fade, and some storage companies are again betting on a reduction of the garlic area.

Based on the comprehensive analysis of the above factors, no good news seems likely for the near future. It is predicted that the garlic price in the warehouse will run steadily or even a bit downward, but the decline will not be too large.

Source: Jinxiang Garlic Wholesale Market Information Center

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