2016/6/7 Garlic Price Report: Is There Support After 20 Consecutive Days of Gains?

2016/6/7Garlic Market and Producing Area Price Trends

[Wholesale Market Prices]

The average wholesale price of garlic across 80 markets nationwide is 4.56 yuan/jin, with the lowest price at 0.9 yuan/jin and the highest at 10 yuan/jin. Prices rose in 14 markets, accounting for 18%, and fell in 15 markets, accounting for 19%.

The 14 markets with price increases averaged a 9% rise, with Chongqing Huazhi Agriculture Co., Ltd. (Maoxiangou Agricultural and Sideline Products Wholesale Market), Xining Rural Commercial Investment Construction and Development Management Co., Ltd. Agricultural and Sideline Products Distribution Branch, Wulong Vegetable Wholesale Market, and Huai'an Qingjiang Agricultural and Sideline Products Wholesale Market Co., Ltd. among the top gainers;

The 15 markets with declines averaged a 4% drop, with Fuzhou Haixia Vegetable Wholesale Market, Shangqiu Liangyuan District Agricultural Products Central Wholesale Market, Tianjin Hanjiashu Haijixing Agricultural Products Logistics Co., Ltd., and Xi'an Moore Agricultural Products Co., Ltd. among the top decliners.

[Producing Area Prices]

Garlic prices have risen for nearly 20 consecutive days. The current average price in producing areas is more than 1 yuan per jin higher than the 2.75 yuan/jin on May 21. Buyers' attitudes are beginning to show slight caution, and their purchasing stance is relatively hesitant.

(Note: The above average prices include all producing areas quoted on Yimutian, not only the main producing areas)

Today's average garlic price in producing areas is 3.83yuan/jin, up 0.37% from yesterday.。35Among the main producing areas, 6areas rose and 1area fell.

[Sheyang, Jiangsu] Today's opening price remained unchanged from yesterday's closing price, and buyers are holding prices firm when purchasing.

[Jinxiang, Shandong] Today the garlic trading market had over 400 truckloads of goods, still continuing to arrive. The number of buyers continued at yesterday's level, picking suitable goods at around 4.1-4.2 yuan to place orders, while more buyers are taking a wait-and-see approach.

[Heze, Shandong] Today the market had 278 vehicles, with relatively more buyers. The market is stable and firm, and prices have not risen. Eighty to ninety percent dry mixed garlic is around 4.0-4.3 yuan/jin, 5.5-6.0 mixed grade is around 4.3-4.7 yuan/jin, and garlic around 6.0 cm grade is around 4.7-5.4 yuan/jin.

[Qixian, Henan] The market has sufficient supply. Buyers are following the market at prices ranging from 3.75 to 4 yuan, packaged large mixed garlic is between 4.1 and 4.3, with a very few large mixed lots also priced at 4.4-4.5, and peeled garlic is 3.6 yuan.

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