Indian garlic prices plummet, competition for Chinese product export market

Published Mar 18, 2024

Tridge summary

The price of garlic in India has significantly dropped since February, creating new opportunities for the country's garlic exports. This follows a period of high prices due to poor weather and a decrease in planting area. The arrival of the first batch of garlic from Madhya Pradesh, India's largest garlic producer, signals the start of the garlic season. The price drop has led to optimism for export trade, particularly with major importers such as Indonesia, Thailand, Malaysia, and Bangladesh. Notably, garlic exports make up over 80% of India's total exports.

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

Original content

India is a traditional big exporter of garlic, but in the previous stage, the price of garlic in India soared, which seriously reduced its international competitiveness. At that time, garlic from China and Iran dominated the international market, and the price was about lower than that of Indian garlic. 40%. However, the sharp decline in Indian garlic prices since February has brought new opportunities for Indian garlic exports. Due to bad weather and reduced planting area last season, garlic prices in India exceeded historical records. Just a few weeks ago, garlic prices in India soared to 400 rupees/kg (100 rupees = 1.10 yuan), and India had to significantly reduce garlic prices. Export to increase domestic supply and stabilize garlic prices. Recently, with the arrival of the new production season, the first batch of garlic from Madhya Pradesh, India has been on the market, marking the beginning of the garlic season. This production season usually lasts from mid-January to the ...

Source: Guojiguoshu