During this period, the China garlic market is very hot, the purchasing price of new garlic doubles year-on-year.
Recently, a large number of new garlic have been on the market, and the current garlic purchasing price is approaching 4 yuan/kilo, it increased of about 122% against last year’s price, which is around 1.6 yuan-1.8 yuan/kilo. In addition, the prices of dried garlic and semi-dried garlic after drying have been rising all the way. Why are garlic prices soaring? Will it increase in the future?
The purchase price, both new and old garlic, has doubled
This year’s garlic market is very lively. The price of garlic is higher than in previous years. The purchase price of some garlic has exceeded 4 yuan per kilo . The dried garlic is more expensive. Last year, the purchase price of garlic was only 1.0-1.3 yuan per kilo. According to the current purchase price, the retail price of garlic should be able to sell around 8 yuan/kilo. The garlic sold in the market is divided into new garlic and old garlic, and the price of old garlic is slightly more expensive. Many merchants said that they thought that the price of garlic would come down after the new garlic was launched, but the current price of garlic is still very high.
Why did garlic double its “worth”? First of all, the mentality of growers has changed. Last year, many growers suffered losses, and the selling price of new garlic started from a low starting point, and then gradually increased. In addition, garlic is a product with very strong financial attributes. In the short term, funds and popularity will completely cover the fundamentals of the market. Last year, some of the market’s “short-travelers” were unwilling. From the soaring enthusiasm for purchasing and storage of garlic stalks, it can be seen that the garlic market is popular this year. Prosperous, garlic vendors are highly motivated to receive goods, and the asking prices are firm. In addition, some growers speculated on the topic of reducing production in order to digest the inventory, and increased the price of garlic in stock. In summary, it is a foregone conclusion that the price of garlic this year will be significantly higher than last year.
Will it increase in the future?
The current garlic market is hot, and growers are optimistic about the garlic market. How will the subsequent garlic price develop? Affected by capital, popularity and market, garlic price trends are difficult to accurately predict. As for garlic in stock, the warehouse renewal is over and the storage fee has been paid. The mind of the stockist is relatively stable, and the intention of large growers to sell the goods has increased. The purchasers will carefully select suitable sources for follow-up. It is expected that the price of garlic in stock will be stable this week. However, a large number of new garlic are on the market. In addition to the wholesale market, the proportion of drying is increasing. Merchants prefer new garlic with better dryness. Therefore, despite the large increase in the quantity of goods, garlic vendors will still insist on asking prices.
In the future, as the dryness of the new garlic continues to increase and the market supply increases, it is expected that the price will remain stable this week. After June 20, a large number of new dried garlic will be on the market. At that time, the market’s attention to garlic in the cold storage will gradually decrease, and the price trend of freshly dried garlic will become clear again.
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