Garlic Price Forecast for 2019: "Garlic You Fierce" May Strike Again, Growers Should Prepare Early
As the Spring Festival approaches, many vegetables and fruits have begun a new round of price increases. Every year, the Spring Festival is a time of great harvest for farmers' markets, and the boom of the holiday effect often lasts for more than two months. Garlic is no exception. According to data from previous years, garlic prices rise slightly during the Spring Festival, and excessive increases have even given rise to the popular phrase “Garlic You Fierce”. So, do you know about the garlic price forecast for 2019?
I. Garlic Price Forecast for 2019
Based on garlic prices in recent years, we can see that many agricultural products show unstable trends. When prices are high, growers' incomes keep rising; when prices are low, growers suffer in silence. This problem arises because there is too little exchange of information, the information sources available are not accurate enough, and people always judge the market based on prices that have already passed. This leads to the mentality of planting more when prices are high and planting less when prices are low.
Looking at garlic prices this year, the main reason still lies in market supply and demand. In the previous two years, garlic prices soared all the way, and many people began contracting large tracts of land to plant garlic. Market demand had already reached saturation, so naturally there was a possibility of decline. Where there is “Garlic You Fierce”, there will be “Garlic You Miserable”. But everyone need not worry too much. The 2019 garlic market is still fairly promising, and there is a possibility of a small rebound.
The following are the garlic prices in various provinces and cities that we have seen recently.
1. Jinxiang garlic is about 1.35-3.9 yuan/jin, up 0.16% from the previous period. According to this trend, there is still room for increase in 2019.
2. Red-skin garlic is about 0.55-0.6 yuan/jin, up 1.77% from the previous period. At present, red-skin garlic has great room for price increases, and market demand is there.
3. Purple-skin garlic is about 0.7-1.9 yuan/jin. This price is relatively stable, but an increase during the Spring Festival cannot be ruled out. The purchasing power for purple-skin garlic is still very strong.
II. What Varieties of Garlic Are There?
Garlic varieties are currently classified mainly by color. The main types are red-skin garlic, white-skin garlic, and purple-skin garlic.
Besides classification by color, garlic can also be divided by grade or moisture. By grade, there are 6.5cm, 6.0cm, 5.5cm, 5.0cm, 4.5cm, 5.0-6.0cm, mixed grades and standard goods, etc. By moisture, it is divided into fresh garlic and dry garlic. In our country, Jinxiang garlic from Shandong is the most famous, sold to various provinces and cities, and is also known as the hometown of garlic. With good quality and large output, much of the garlic in many regions each year is supplied by Jinxiang.
That is all for today's introduction to garlic. Growers and consumer groups need not worry too much. Overall, garlic prices in 2019 will not show the “Garlic You Fierce” trend, but price increases during the Spring Festival are unavoidable. After all, labor costs and transportation costs are both increasing, so just buy according to need.