Price Information of Jinxiang Garlic on Jan.15th

Jinxiang Garlic Market Morning Update

• Market Status: The cold storage garlic market in Jinxiang is currently stable.

• Supply Dynamics: There is an oversupply on the selling side, although low-priced supplies in the production area are not abundant.

• Seller's Stance: Sellers are firm on their bottom line prices when releasing their stock.

• Market Transactions: Trading is centered around immediate needs, with a slight increase in buyers inquiring and asking for prices in the morning. However, the follow-up from buyers mainly targets low-priced supplies.

• Trading Sentiment: The garlic market is experiencing a deadlock with sluggish transactions, and the mainstream prices of stored garlic remain unchanged.

• Pricing (yuan/kg):

• Mixed grade old garlic in storage: 5.40 - 6.60 yuan/kg

• General mixed grade garlic in storage: 7.06 - 7.30 yuan/kg

• Garlic granules: 5.70 - 6.06 yuan/kg