Now it is the season for new garlic to be listed. China Garlic Price has continued to fall in the past month. At present, the wholesale price of new garlic in the Wuxi market has dropped below 1 yuan per kilo. Statistics from the Chaoyang Agricultural Products Market show that the daily sales of garlic are as high as 60 tons, double that of the same period last year.
New garlic is usually marketed in May and June. In the past month, the wholesale price of new garlic had fallen by more than 50 percent from about $3 per pound to about $1 per pound when it went on sale. With the sharp decline in the price of new garlic, the price of old garlic fell from a 4-4.5 yuan a month ago to the current 3.5-4 yuan.
Judging from the trend over the years, the price of old garlic is generally stable, and the fluctuations will not be very large. The reason is that this year it has been mainly affected by a large amount of new garlic listed. Usually, in the new garlic season, the new garlic price will affect the price of old garlic. A few years ago, the wholesale price of new garlic was two or three yuan, so the price of old garlic was also pushed up. Old garlic mainly plays the role of “condiment” on the dining table, so sales are relatively stable. The new garlic can not only be marinated but also can be grown, so the annual sales season is obviously higher than the old garlic.
Industry insiders analyzed that the price of garlic heads has fallen sharply this year because the planting area of the main garlic production area has expanded compared with previous years. This year’s climatic conditions are suitable for garlic growth, which has ushered in a harvest year.