Indian Fresh Garlic Prices Surged by 1,267.98% YoY in Dec-23 Amid Supply Shortages and Rising Costs

Indian fresh garlic prices have surged 1,251.81% YoY to USD 2.04/kg in Dec-23, with a MoM increase of 7.5% from Nov-23. The increase is primarily due to diminishing supplies from major producing regions, leading to increased logistic costs and local taxes. Insufficient rainfall and unseasonal rain further hamper garlic production, making external supply reliance expensive.