Garlic prices in Binzhou, Shandong rise with the tide: "Garlic You Fierce" strikes again

On December 21, the reporter learned that since late November, after heavy snow in garlic-producing areas, cold-storage garlic prices have continued to rise, with prices last weekend hitting a new high since 2012.

“Last weekend, the purchase price of ordinary mixed-grade garlic in the Jinxiang producing area climbed to 3.9 yuan/jin, 69.57% higher than the lowest price of about 2.3 yuan/jin during this year's storage period, and 105.26% higher than the price of about 1.9 yuan/jin in the same period last year.” Zhuochuang Consulting analyst Cui Xiaona told the reporter, “The retail price of eggs in terminal market supermarkets is about 4.0 yuan/jin, while the retail price of garlic in some large supermarkets is twice that, and ‘Garlic You Fierce’ has returned to the market.”

According to the introduction, the main reason for this garlic price increase is that, with demand supporting the market, storage traders in producing areas concentrated on holding back sales to prop up the market, which caused a reduction in the supply of goods and made it difficult for buyers to purchase.

In addition, Zhuochuang Consulting analyst Cui Xiaona predicted that in the short term, the garlic market may remain at a high level, and adjustments in cold-storage garlic prices will still depend on the impact of supply and demand.