The price of garlic in the international market is high, and domestic exports hit a record high in a single month

Published 2023년 12월 28일

Tridge summary

Global garlic production has been reduced, leading to high prices around the world, particularly in Europe and India. In Europe, Christmas demand and reliance on more expensive Chinese imports have driven prices to historic highs. Due to drought, Spanish and French garlic production has dropped significantly, further impacting prices. Despite strong demand in the international market, the domestic market for garlic is relatively flat, but China's garlic export momentum remains strong, with a 14-year high in November 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With global garlic production reduced and logistics affected, garlic prices have remained high in many countries. In the European market, due to increased Christmas demand, reduced local garlic production and quality issues, and reliance on more expensive Chinese imported products, garlic prices have reached "History high". In the Dutch market, the price of Chinese packaged garlic is even more than 3 euros/kg, and the price of bulk garlic is slightly less than 3 euros. Due to drought, Spanish garlic production has been significantly reduced by more than 45%, seriously affecting the output and quality. France's production has also dropped by 30%. Due to the detour of the Red Sea shipping, which has caused the arrival period of garlic from China to be extended and the price to rise, it is difficult to buy Chinese garlic in the markets of many European countries. Importers are expected to ship garlic from South Korea in mid-December. Garlic prices will only go lower after the first ...
Source: Guojiguoshu

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