Chinese garlic exports hit record high in March

Published May 3, 2022

Tridge summary

In March 2022, China's garlic market remained stable with a slight increase in price, but continued to operate at a low level due to a slow domestic demand and quality issues in storage. Despite these challenges, China's garlic exports hit an all-time high of 191,900 tons, valued at €208,463,567, with Indonesia, Vietnam, Thailand, and the United Arab Emirates being the top importers. The export price per tonne fell by 13.12% year-on-year to €858.78. The first quarter of 2022 saw Chinese garlic exports increase by 0.5% year-on-year, reaching 373,000 tons.

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

Original content

In March, the garlic stock showed an unclear recovery, but the price increase was not clear and the market fluctuated at a low level throughout the month. With the arrival of new garlic, the amount of garlic in storage is eagerly reduced and the pressure on the supply side cannot be underestimated. At the same time, quality issues such as frozen toes, softness and budding in storage surface in an endless stream. Some sellers with less good garlic take the initiative to lower the price in order to sell. Due to the pandemic, demand in the domestic market is limited and traders with rigid demand are cautiously buying up the goods. Although exports gave the market a boost in the second half of the season, market growth is weak. Overall, the price this month is still at a new low since the store opened. Export Summary China's total exports of garlic were 191,900 tons in March 2022, with a total value of €208,463,567 (including fresh or chilled garlic, dried garlic, pickled garlic, ...

Source: AGF