In Europe, a shortage of garlic is predicted

Published 2020년 11월 27일

Tridge summary

Spain has seen a significant decrease in its garlic harvest, with a 45% drop and quality issues due to nematode damage, resulting in potential contract failure and potential price increases as demand remains high globally, particularly from China which had a good harvest despite high demand. Transportation costs from China have doubled, leading to more expensive shipping, and speculators expect further price hikes by the Chinese New Year, potentially raising garlic prices by an additional 50%. Additionally, the availability of containers for export is limited, further impacting the logistics and availability of garlic on the global market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The garlic harvest in Spain has dropped by 45%, China has a good harvest, but the demand for garlic has grown worldwide. So with the first colds, garlic prices may rise, predicts Denny Dean of the Dutch export-import company Denimpex. This was reported by FreshPlaza. "The Spanish harvest of about 110,000 tons has been reduced by about 45%, and what is still there is not of the highest quality. Many garlic have been affected by nematodes. It seems that long-term contracts cannot be fulfilled, because long-term storage is not stable in terms of quality, "said Danny Dean. According to him, China has received a large and good harvest in quality and size, but also has great demand around the world. Because the world harvest is disappointing, and when the EU really cools down, importers' stocks will run out very quickly and there will be a shortage. Summer stocks are selling much faster than usual, and shipping from China is much more expensive, as the cost of transportation has more ...

Source: Agrotimes