Price Information of Jinxiang Garlic on Jan.12th

Jinxiang Garlic Market Morning Update

• Market Condition: The atmosphere in the cold storage garlic market of Jinxiang is weak and sluggish.

• Supply Situation: The supply of garlic remains ample, with both new and old garlic sellers maintaining a high level of eagerness to ship their products. Selling pressure continues to be substantial.

• Market Demand: There is a softness in demand with essential buyers generally selective and pressing prices. A portion of buyers is adopting a wait-and-see approach leading to few confirmed transactions.

• Selling Flexibility: Sellers of average to lower quality stock have some room to maneuver in sales, with garlic prices showing a stable yet slightly weak trend.

• Pricing (yuan/kg):

• Mixed grade old garlic in storage: 5.50 - 6.70 yuan/kg

• General mixed grade garlic in storage: 7.10 - 7.40 yuan/kg

• Garlic granules: 5.70 - 6.10 yuan/kg