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Garlic Market Trends in the Spice Industry for 2024

Garlic Market Trends in the Spice Industry for 2024

    In 2024, the garlic market has experienced notable volatility, driven by a mix of supply, demand, and external factors. The year began with stable garlic prices, supported by favorable weather conditions during the planting season. However, as the year progressed, prices began to rise sharply due to increased domestic and international demand, coupled with logistical challenges and currency fluctuations.

    From January to March, prices remained stable at around 6 CNY per kilogram. However, by April, prices had surged, reaching a peak of 10 CNY per kilogram in May, primarily driven by heightened export orders and a tightening domestic supply. The market is expected to remain volatile throughout the year, with factors like weather patterns during the growing season, government export policies, and global economic conditions playing critical roles in shaping the future dynamics.

     Experts anticipate that garlic prices might stabilize towards the end of the year as new harvests become available. This dynamic environment suggests that stakeholders need to stay informed and adapt their strategies to navigate these changes effectively.

    For further insights and detailed projections, you can refer to reports that analyze the trends and provide a more comprehensive view of the garlic market in 2024.

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