Garlic prices go up more than 50%, high seasonal demand

May 11th, the National Bureau of Statistics released information,which shows that in April CPI rose 2.3%, while pork prices rose 28.4%, fresh vegetables prices rose more, or 35.8%. Individual market price of garlic up to ￥10 per pound.

Garlic price keep high this year mainly due to 4 reasons: 1. High inventory of garlic remaining low. 2. Fresh garlic production is low. 3. The procurement business increased. 4. The large number of garlic farmers reluctant to sell up hope.
Jinan city is the main producing areas of garlic, in addition, city of Jiyang and Linqing also have some planting area, with a total area of ​​250,000~30 million MU, accounting for one tenth of the total area of ​​the country’s cultivation. Jinan garlic in addition to supply the local market in Jinan, but also supply Hebei, northeast, Anhui, Hubei and other markets.

According to China Economic Weekly reported that in April and May, a lot of garlic operators appear in farm land, took out a tape measure of the garlic area. A Big Fish called Zhu Bao from Pizhou city said that the garlic business always follows up where there is profit space, where they come in the garlic harvest season to estimate the production of garlic, determine the price, to the garlic to pay cash or pay the deposit will garlic package Go, and then find someone to dig garlic. This year, many businessman are optimistic about the garlic price, and believe garlic price would come up to the new high, so they brought a lot of cash to join the “The Garlic Army”.

According to the National Ministry of Commerce, since 2015, the national wholesale price of garlic was almost 45-degree angle of the trend of straight up. Monitoring shows that January 1st, 2015, the national wholesale price of garlic ￥2.83 / kg, to January 1st, 2016 has risen to ￥4.22 / kg, almost up fifty percent. To January 8th garlic prices have risen to ￥4.27 / kg already.