Chinese garlic export to Europe expected to rise in price by 40% this season
China s new garlic season is in full swing. Looking at the conditions for Chinese garlic export to the European market, FOB prices are estimated between 1,100-1,200 USD per ton, which is an increase of around 40%.
The garlic export industry is facing a number of challenges at the moment, including a shortage of shipping containers, rising shipping prices, and the ongoing pandemic in overseas markets. The impact of the Covid-19 pandemic in particular is severe. The main problem is the unavoidable lockdown. Many export companies suffer disastrous losses because of lockdown measures and this has a terrible impact on the general market conditions. In many cases importers do not pick up their orders. Still, even under these circumstances many countries across the globe recognize the disinfecting properties of garlic as well as its benefit for the immune system, which is why the export volume has never been bi