Bullish Chinese Garlic

 25 April 2023

In the last two weeks, the market for dehydrated garlic from China has seen a significant increase in demand. This surge in demand is primarily due to a combination of speculation and a new crop outlook, which suggests a 15-20% decrease in yield.

Dehydrated garlic is a popular ingredient in many dishes, including soups, stews, and sauces. It is also a common ingredient in many processed foods, such as snack foods and seasonings. China is the world's largest producer of dehydrated garlic, and as a result, any changes in the country's garlic crop can have a significant impact on the global market.

 

The recent increase in demand for dehydrated garlic from China can be attributed to speculation. Traders and buyers are anticipating that the decrease in yield will lead to a shortage of garlic, which will drive up prices. As a result, many are rushing to purchase dehydrated garlic from China in order to secure their supply and avoid potential price increases.

 

In conclusion, the recent increase in demand for dehydrated garlic from China can be attributed to a combination of speculation and a new crop outlook. While the decrease in yield is concerning, it is important to remember that the market is constantly evolving, and new factors can come into play at any time. Therefore, it is crucial for industry participants to remain vigilant and flexible in order to navigate these changes successfully.

 

Contact us for offers for prompt shipments as well as new crop 2023/2024.

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Chinese garlic prices have begun to fall

From The Fresh Plaza

Source: Voice of Chinese Villages

Publication date: 8/8/2019

The overall garlic price in 2019 rose in northern China. According to Xie Lei, an analyst at the Beijing Xinfadi Market, since May, prices of the new crop sold at the market have increased by 104% over the same period last year. In the following two months, prices continued to rise, only starting to fall recently.

Recently, the wholesale price at the market stayed at 8.4-9.6 yuan/kg, up 200% year-on-year compared with that of 2-4 yuan/kg during the same period last year. In the last 2-3 weeks, prices at the market became less stable and started to drop. As the stockpiling season will reach an end in August, many growers are rushing to sell, leading prices to start declining recently.

For garlic growers, the quality of garlic not yet in storage will decline by the beginning of autumn, accompanied by a lack of purchasers, so it is also the final opportunity to sell.

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