Chinese garlic prices at home and abroad have soared this year, as scant global volumes and increased domestic consumption have driven up demand, reports Malaysia’s The Star Online.
Average global import prices for Chinese garlic have more than trebled since April from US$800 per tonne last year to US$3,000, as international markets vye for product, it said. While in China, the cost per kilo soared from Yn2 in May 2009 to Yn10 the same period this year.
Increased awareness of its health benefits and the swine-flu outbreak that swept the Republic last year have generated “massive” demand for garlic in China this year, The Star Online said. At the same time, production shortages in other garlic-growing countries this year has left markets clamouring for product.
In May, Australian consumers were being charged up to A$30 per kilo, double the usual price, the report said.
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