Chinese Garlic Export Market Undergoing ChangesOctober 22, 2019
The market for Chinese garlic is undergoing some changes. Prices fell last month due to excessive supply, but have started to slowly pick up since last week. “Traders all expected garlic prices to continue rising, so they are reluctant to sell, which led to a limited supply and drove prices up. However, it is hard to predict how prices will develop within the next few weeks. Prices of the new crops were very high at the beginning of the season. It has been estimated that the total production this season will increase, but it’s actually a lot higher than expected, so although prices were high at the start of the season, they are now quite low for this time of the year. This year’s production is about 30% higher,” Mr. David from Shandong Haijiang International Trading Co., Ltd. said.
Regarding the current demand situation, he said, “there is currently more demand from the Asian and Middle East markets. The number of orders coming from Europe is normal compared with last year, while that from the Americas is lower. Due to high anti-dumping duties and the fact that garlic from Argentina will become available next month, customers from Brazil, the largest buyer in the Americas, have reduced their purchases from China. The main markets for Chinese garlic are Indonesia, Pakistan, Malaysia, United Arab Emirates, and Saudi Arabia.”
“We are located in Jining, Shandong Province and mainly handle the import and export of fresh produce. We export garlic, ginger, apples, pears, onions, and potatoes, and mainly import products such as bananas, dragon fruit, navel oranges, cherries, and red grapes. After years of endeavor, we now have a stable customer base and a steady market share. In the future, we hope to work with more international traders.”
By Fresh Plaza