Will Coronavirus have a significant impact on the garlic essential oil market?

2020-02-29 253

Will Coronavirus have a significant impact on the garlic essential oil market?

 

Distillation is the only production method of garlic essential oil, so the price of garlic essential oil mainly depends on the price of garlic in the same period.

 

Understanding recent trends in the Chinese raw garlic market will help determine future trends in garlic essential oils.

 

Does the epidemic have a big impact on garlic?

The storage volume of garlic in 2019 should be higher than in 2018, and some experts estimate that it is about 4 million tons. With such a large inventory and basically no sales this month, the price of garlic should show a steady downward trend after the epidemic. Affected by coronavirus, the international garlic trade is also stagnant.

 

Since coronavirus is also happening in other countries, this will have a greater impact on the international garlic trading market, which is also one of the main considerations affecting the price of garlic.

 

Will raw garlic prices rise after coronavirus?

 

In general, there should still be a lot of changes in the price trend of garlic in 2020, especially with the impact of coronavirus, everyone should pay more attention to dietary health. I think garlic with sterilization function will be re-emerged Welcome. But the price change is mainly affected by the market. When the supply exceeds demand, the price of garlic will fall, and when the supply exceeds demand, the price of garlic will rise.

 

Will raw garlic demand increase in 2020?

 

Garlic has a sterilizing effect, but in the face of the stalled garlic trading market, I think the demand for garlic should not increase significantly. If the price of garlic is getting higher and higher, the consumption of garlic will gradually decrease. At the same time, the new Yunnan garlic will also be listed in April, and fresh garlic will more or less seize a portion of the garlic trading volume, which will also put some pressure on destocking cold storage garlic.

 

Recent price trend of Chinese raw garlic.

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