Garlic Price Increase Expanded, Strong Market Sentiment

- Mar 21, 2019-

Today's garlic market price are steady, the storage business men keep the goods to wait-and-see, for sale goods source quantity reduces, good goods are in short supply, sellers often raise prices, Jinxiang, Henan garlic prices rose, speculators return to the market, strong bullish atmosphere, the real demand customers purchase cautiously, overall trading volumes have increased.

The Jinxiang market was strong throughout all day, inventory garlic prices rose wildly, garlic holders hold back on selling, the supply of goods for sale has decreased significantly. Most delivery goods are for the advanced orders, out-of-town speculators and local speculators buy the goods actively, driving market sentiment, the overall price has more than a 0.1 yuan rise, slightly increased trading volume, the price of peeled garlic material is 4.20-4.70 yuan/kg, and the general price of mixed grade is 4.90-5.16 yuan/kg.