With Christmas, New Year's Day and Spring Festival approaching, the garlic export market has shown a clear upward trend. Two weeks ago, the export price of garlic began to rise slowly, and the increase started to accelerate last week. Ms. Annie Chen, sales manager of Jining Fenduni Foodstuff Co., Ltd., shared her insights on the export market before the holidays.
"Although the export market has fluctuated throughout this year, judging from the current situation, the export volume is still relatively objective. It is expected that in the next period of time, the overall export price will continue to rise and should not fall back to the previous low price. "
In addition, data shows that the total planting area of garlic in China decreased significantly in 2022. Regarding the impact on the next season's market, Annie said, "According to my understanding, the total planting area decreased by about 15-20%. This is bound to affect the garlic price in the later period, but the exact amount cannot be determined. After all, as far as garlic products are concerned, there are many factors that affect the market. "
When asked about the driving factors for the recent rise in the garlic export market, Annie said, “This may be related to the current relaxation of pandemic prevention and control policies, but other factors cannot be ruled out. At the same time, global freight rates began to fall in September. At present, the freight rates of some routes have basically fallen to the level before the pandemic. There is less space for sea freight to fluctuate. "
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