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Record garlic crop expected
China
Tuesday 24 May 2011
MD
No. 1 producer and exporter, China, is expecting a good crop of garlic that will end a crazy year of speculation.
After a crazy year, the price of garlic in China should now return to normal with the expected good harvest.
Professionals foresee a price drop of 20-30% from June when the first harvest arrives. An increase from 25 to 30% in growing areas added to favorable weather should lead to a
large harvest.
It remains to be seen what tonnage will be achieved with some predicting a record crop. Stocks are the lowest anywhere in the country, so it will take some time for this new crop to replenish exports.
It remains to be seen what tonnage will be achieved with some predicting a record crop. Stocks are the lowest anywhere in the country, so it will take some time for this new crop to replenish exports.
source : the packer, blog garliking
