How to Forecast Garlic Market In 2018 From Experience In 2017 ?

Since the beginning of June 2017, the garlic storage quantity in statistical data shows around 1 million tons covering over all origins. Affected by the speculation, the garlic price went up to CN￥4/kg level after a short time, which came to the top at this time of year.

Because the garlic investors earned plenty of money during past two years continuously, more businessmen followed up and come in this industry, the price raised to the highest level CN￥5.8~6/kg till middle of June just within two weeks which directly affected the sales in domestic and overseas market.

During the second half of July, garlic price started to go down and meantime the storage amount in origins became larger. This Quantity growth continued to the end of October which has already arrived at 3.5 million tons.

After that time, the stockholders for garlic start to reduce their garlic stock, and market price came down to CN￥3/kg level accordingly. However, there`s a small rebound back to CN￥4/kg level due to there a snow weather turned out during beginning of 2018.

Based on the large increase of cultivation area & output since previous season in 2017, the garlic stock quantity was calculated around 2 million tons from Shandong, Jiangsu and Henan areas till end of March,2018. Price went back to CN￥3.5/kg level and stayed stable. Correspondingly, the Dried Garlic price arrived at a low level at present, such as Dried Garlic Granules offer CN￥11~15/kg in domestic market or FOB price US$1.7~2.5 in overseas market for reference.

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