Nov.- Dec. 2018 Chinese Garlic Raw Material Price Trend And Analysis
Dec 03, 2018

Nov.- Dec. 2018 Chinese Garlic Raw Material Price Trend

 

Jinxiang producing area (Soft Stem) price:

Red color

4.5cm: RMB 2.24/kg ~ RMB 2.40/kg

5.0cm: RMB 2.50/kg ~ RMB 2.84/kg

5.5cm: RMB 2.94/kg ~ RMB 3.26/kg

6.0cm: RMB 3.70/kg ~ RMB 4.10/kg

White color:

4.5cm: RMB 2.70/kg ~ RMB 2.90/kg

5.0cm: RMB 3.10/kg

5.5cm: RMB 3.20/kg ~ RMB 3.40/kg

6.0cm: RMB 3.60/kg ~ RMB 4.00/kg

 

Laiwu producing area (Soft Stem) price:

6.0cm: RMB 3.90/kg ~ RMB 4.00/kg

6.5cm: RMB 4.20/kg ~ RMB 4.40/kg

 

Pizhou producing area (Soft Stem) price:

Red color

5.0cm: RMB 3.30/kg 

5.5cm: RMB 3.60/kg ~ RMB 4.60/kg

6.0cm: RMB 4.40/kg ~ RMB 5.00/kg

6.5cm: RMB 5.20/kg ~ RMB 6.40/kg

White color:

6.0cm: RMB 5.40/kg 

6.5cm: RMB 6.20/kg 

 

2018 Exporting Trend until Oct.

SN

Month

Price (Tons)

Amount of Increase

1

Oct.

12.32

-13.73%

2

Sep.

14.28

-25.51%

3

Aug.

19.17

8.24%

4

Jul.

17.71

21.14%

5

Jun.

14.62

20.83%

6

May.

12.10

-31.33%

7

Apr.

17.62

14.79%

8

Mar.

15.35

109.7%

9

Feb.

7.32

-21.54%

10

Jan.

9.33

-44.46%

 

Chinese Garlic Summarize

Each Sep. and Oct. is a watershed month for garlic sales. In Sep. the garlic acquisition work is basically completed. The price of garlic market tends to be stable. Generally, there will be no sharp rise or fall like that in July and August. By October, garlic farmers normally began to grow garlic. At this time, outside garlic will slowly withdrew from the market, and cold storage garlic slowly occupied the market until the next year, before next crop garlic matured, it was cold storage garlic market. At present, the price of garlic in Pizhou cold storage is 5.2- 5.6 yuan per kilogram (6.5 centimeters), while that in Jinxiang is 3.4-3.6 yuan per kilogram (6.0 centimeters). Now the overall performance is relatively stable.

 

In October 2018, farmers were busy planting garlic, while garlic merchants were busy selling storage garlic. Under this impact, the price of outside garlic  decreased slightly, but the performance was stable. This year, the outside garlic is stable, although there is no price surge, but there is no scene of price collapse like in 2017. Now the garlic which outside the warehouse in Pizhou is maintained at 4.8-5.2 yuan per kilogram (6.5 centimeters), while the garlic which outside the warehouse in Jinxiang is maintained at 1.9-2.1 yuan per kilogram (mixed grade garlic). Many garlic traders say it's a good thing that garlic prices don't fluctuate much.

Affected by the continued depressed price of garlic in 2018, garlic farmers, in many garlic planting areas have reduced their planting area, and some areas have significantly reduced their production. Thanks to the good news, some garlic hoarders expect garlic prices to rise by a certain extent from winter to next year, which gives garlic hoarders confidence again.

 

Although garlic farmers have reduced their planting area, the storage of garlic has exceeded the market's maximum demand. Some garlic merchants predict that the probability of garlic falling sharply like in 2017 winter will be reduced, but it is almost impossible for garlic prices to soar also. Although, the storage garlic price is stable but still be in low level, such prices are close to the cost line of storage. The next two months are very important, these two months can almost determine the price of cold storage garlic, so it is too early to predict whether the price of cold storage garlic will rise or fall, next year garlic prices also have too many uncertainties.


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