Zhongxin Finance, June 5 (Reporter Ruan Yulin) China Federation of Logistics and Purchasing released data on the 5th, showing that China's garlic price index in May was 72.7 points, down 9% from 79.8 points in April, and the industry's prosperity fell to a low point .
It is expected that in June, the market demand will rebound, the market supply will continue to increase, and the garlic purchase and storage activities will also start, and the price will stabilize and rebound.
In May, China's garlic price index was 72.7 points, down 9% from 79.8 points in April.
The analysis believes that in May, the epidemic is still the main factor hindering the recovery of the consumer market. On the one hand, the epidemic has directly led to a serious shortage of catering demand, and even stagnant in some areas. Although the family's rigid demand supports the industry, it is difficult to increase; On the one hand, the epidemic has also led to poor freight logistics, slowing down the shipment and transportation of garlic, rising logistics costs, and restraining terminal demand.
Overall, domestic demand is sluggish, and price support has weakened significantly.
Statistics show that in March, my country exported 191,900 tons of garlic, a year-on-year increase of 24.81% and a month-on-month increase of 113.94%, hitting a new high for the same period in six years.
In April, 195,300 tons of garlic were exported, a year-on-year increase of 15.74% and a month-on-month increase of 1.77%.
In May, the epidemic prevention and control in the main garlic producing areas in China continued to achieve results, which is conducive to garlic exports. It is expected that garlic exports in May will still increase month-on-month.
On the whole, however, it is difficult for the increase in exports to reverse the overall lack of demand, the overall market demand is still in a sluggish state, and the industry's development momentum is weak.
At present, the digging of new garlic in various places is coming to an end, and a large number of new garlic are pouring into the market.
From the survey of the main producing areas, the price of new garlic in many places has dropped to a historical low, significantly lower than the same period last year.
Analysis predicts that in June, the garlic market demand may bottom out, the release of catering demand will contribute to the increase in the garlic market, and the export demand will continue to rise. Multiple factors have stable support for garlic prices.
The supply of garlic continues to increase, and the quantity of garlic in stock continues to increase.
Under the game that the supply and demand of garlic grows month-on-month, the market price may stabilize in early June.
It is worth noting that with the increase in the dryness of garlic, the garlic industry will eventually enter the stage of purchase and storage. It is expected that the purchase and storage may start in June, which will drive the market price at the end of the month.
On the whole, the market price has stabilized and rebounded in June.
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