Morning Report for Jinxiang Garlic Market
- Market Trend: The market for stored garlic remains generally stable.
- Supply Dynamics: The supply of garlic in the production area is consistent with previous levels. Sellers with stocks of old garlic are mostly shipping their goods according to the market, while those with new garlic are firm on their pricing, with scattered cases willing to negotiate.
- Supply Volume: The overall supply remains at a higher level, but with prices stabilizing, there’s an increase in inquiries and transactions from buyers with immediate needs.
- Trading Focus: Transactions are mainly occurring with good quality garlic granules and mixed grades at lower price points.
- Market Sentiment: The trading atmosphere continues to warm up in the morning, with no significant fluctuations in mainstream prices.
- Current Pricing (yuan/kg):
- Mixed grade old garlic in storage: 5.10 – 6.20 yuan/kg
- General mixed grade garlic in storage: 6.80 – 7.04 yuan/kg
- Garlic granules: 5.40 – 5.80 yuan/kg
