The price of green onions in China dropped for 4 consecutive months, the lowest fell below 1 yuan per catty

Published 2021년 6월 9일

Tridge summary

Since February, the price of green onions in China has significantly dropped, with the average price in Beijing Xinfadi market being 1.2 yuan per catty, the lowest since the same period last year. This is due to the large production in Shandong, which has made green onions more available and less expensive. The price decline is expected to stabilize, with concerns about potential weather impacts. This drop is part of a broader trend of lower vegetable prices in China, with many vegetables seeing substantial decreases in May due to favorable weather and reduced transportation costs.

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

Original content

Since February, the price of green onions has surpassed the high point and has gone all the way down. As of June 4, the average price of green onions in the Beijing Xinfadi market was 1.2 yuan per catty, and the lowest price was only 0.8 yuan, which is close to the same period last year. In addition, according to data from the Ministry of Agriculture and Rural Affairs, the current average price of green onions in the country is only about half of the high price. The listing of green onions in Shandong production areas is the main reason for the decline in this round of onion prices, and this year, the production and planting area of green onions in Shandong production areas are relatively large. Buyers believe that the current onion prices have tended to a normal level, and there is limited room for subsequent decline. According to data from the Ministry of Agriculture and Rural Affairs, in February this year, the national average wholesale price of green onions was 5.1 yuan/jin. ...

Source: Guojiguoshu