Garlic market forecast: prices continue to run low
This year's garlic price has fallen drastically, with a low price of 0.3 yuan to 0.5 yuan. Will next…This year's garlic price has fallen drastically, with a low price of 0.3 yuan to 0.5 yuan. Will next year's garlic market be any better? At present, the overall price situation is relatively stable, and there is no sign of it rising. Although the current garlic price has rebounded slightly compared to the previous low, the overall increase is insufficient.
The fact that garlic prices have fallen sharply this year was actually expected, but this time it's bigger. Generally, there will be a big price drop every three to four years. This year's low price is just part of the garlic cycle.
The main reason is that the garlic market in the previous two years was pretty good. The garlic farmers expanded the planting area, which led to a significant increase in the supply. The market has limited has a capacity, which in turn led to a serious decline in the price.
In addition, the current cold chain storage facilities of garlic are relatively full and the garlic market is still in a saturated state. Therefore, the current situation is expected to last for about one year and the market for garlic in 2019 is still not optimistic. However, the current price of garlic has already bottomed out, so it will still rise in the later period, but with a lower growth rate.
Source: Science Xingnong