Column: Commodities
Is garlic's success because of swine flu paranoia?
November 24, 2009: MALCOLM MOORE: The price of garlic is going through the roof because of its flu-fighting properties, but do buyers simply have too much money?
After returning from the wet market last week, my assistant remarked to me that the price of garlic has doubled.
It turns out that garlic is this year's most prized commodity. The wholesale price at Jinxiang market, which houses the largest garlic plant in China, has increased 40-fold since March, according to an article in China Business News.
The reason for the price spike is partly that China reduced its garlic crop size by 50% last year, and partly beca...
It turns out that garlic is this year's most prized commodity. The wholesale price at Jinxiang market, which houses the largest garlic plant in China, has increased 40-fold since March, according to an article in China Business News.
The reason for the price spike is partly that China reduced its garlic crop size by 50% last year, and partly beca...
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