Garlic Prices Are Rising Slowly And Steadily

Since the listing of new garlic in 2020, prices have continued to rise slowly. Regarding the recent garlic market, Christian accepted an interview with FRESH PLAZA. Southeast Asia and the Middle East are the main export regions. “Recently, the import volume of these two regions is still relatively large, and our weekly export volume is 4-5 cabinets.” According to product quality and specifications, the recent garlic market price is about 2600-3000 yuan/ton, about 20% lower than the same period last year. Christian said. “Although the garlic price 2020 is much lower than the same period last year, due to the large harvest, if the price rises too much, the storage warehouse will worry about it and stop the acquisition. Therefore, I think the garlic price will continue to rise steadily and slowly in the next few weeks. But it should not increase much.
After July, how the garlic market will change depends mainly on the follow-up efforts of storage companies. “Overall, the planting area of garlic in 2020 will increase by about 18.2% over the previous year.” In terms of quality, this year’s garlic is significantly larger than the average of previous years. Nearly 40% of product specifications are above 6.0#. At present, there is still some old garlic in the market. Garlic vendors have different opinions on the stock of old garlic. Some people think that there are 700,000-800,000 tons, others think that there are 300,000-400,000 tons. I think the stock of old garlic is about 500,000 to 600,000 tons. Christian said. “Brazil’s garlic is also on the market at the same time as China’s new garlic. I don’t think the Brazilian garlic’s listing will have a great impact on domestic garlic exports. No matter in terms of planting area or output, it is not comparable to other countries, and exports account for 70%-80% of the world’s total exports. Therefore, the international garlic market is mainly determined by the trend of China’s garlic market.  In particular, the price of garlic in China is lower than in other countries, so it has more trade advantages. “