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Analysis of the garlic market situation in 2024

Garlic prices have soared again this year, according to a new survey. Garlic market situation has attracted much attention, and we will explore the mystery together.

Garlic prices began to fall after February 12,2014, and on February 13, it was the first day that prices began to rise. Every day thereafter, there is a small rise and fall. It can be said that the current garlic prices have been steadily up, and the market supply is extremely scarce.

It is worth noting that on February 20 and 21,2014, there was a heavy snow again, and every family was covered with thick wheat cover to welcome the New Year. This is actually good for crops; so this year farmers expect high yields to increase fertilizer application and use chemical fertilizers to ignore organic fertilizers, causing soil hypoxia and root problems.

Reviewing the changes of garlic market in 2024, it can be seen that the peak on January 29 is followed by continuous decline until February; another obvious adjustment in July; during the Spring Festival, continuous decline until February 12, and obvious rebound stage

In addition to the above events, there have been several important factors in the past few years: the global outbreak of COVID-19 in 2019-2020 led to a sharp drop in domestic and foreign demand; increased pressure on domestic overproduction in 2015-2018; and extreme weather conditions in 2013-2014, etc.

Nevertheless, in the current situation, we still need to be vigilant and pay close attention to relevant policies, market trends and their own capital operation plans.

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