Price Information of Jinxiang Garlic on Dec. 4th

Jinxiang Garlic Market Morning Update:

In-Storage Old Garlic Mixed-Grade:

• Price: 5.90 - 6.90 CNY/kg

In-Storage General Mixed-Grade:

• Price: 7.52 - 7.72 CNY/kg

Garlic Granules:

• Price: 6.14 - 6.50 CNY/kg

Market Overview:

• The morning trade in the Jinxiang garlic market is relatively quiet, with a noticeable oversupply on the supply side. Specifically, sellers of stored old garlic are quite eager to sell, while sellers of new garlic maintain a firm stance on their minimum price levels.

• Demand is currently driven by immediate needs, which has not translated into high enthusiasm for restocking among buyers. The market has seen a particularly low interest in purchases for packaging purposes over the last two days.

• Furthermore, those involved in peeling operations and market trading are displaying a wait-and-see attitude, showing a strong inclination to be selective in their purchases. Overall, the in-storage garlic market is lacking in momentum, and the mainstream transaction prices have remained stable without significant changes.