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Hold your nose: garlic is best investment in China
BEIJING – The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country’s best-performing asset this year.
The trigger for the bull run may have been the idea that the potent bulb can ward off H1N1 swine flu, Morgan Stanley economists said.
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Price of fresh garlic rises day by day
A garlic farmer works her land in Jinxiang county of East China’s Shandong province on June 1, 2010. The price of fresh garlic has multiplied eleven times from the previous year due to speculation and hype since 2009.
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China Major Garlic Producer Sees Prices Soaring
Source: Xinhua [10:49 May 10 2010]
Forty-eight-year-old Zhou Yan, a vendor selling garlics for eight years in Zhengzhou in central China’s Henan province, never expected garlics could be priced so high.
Chen sold garlics at 10.4 yuan ($1.52 ) per kilogram
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Chinese Garlic farmers denied due profit
Garlic prices have skyrocketed but farmers have not shared the gains. It’s time to correct the situation and give the farmers their due, says an article in Beijing News. Excerpts:
Soaring garlic prices,
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China to curb farm produce speculation
By Hao Yan (chinadaily.com.cn)
China’s National Development and Reform Commission (NDRC) said Monday it will curb speculation in farm produce, prices manipulation, and supplies monopolies, and investigate criminals when severe market disruption is spotted.
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China to crack down on vegetable hoarding
BEIJING – China will crack down on the hoarding of vegetables to curb speculation and maintain market order, the National Development and Reform Commission said Thursday.
China’s top economic planner urged local
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US to recognize China’s market economy status
By Lan Lan and Ding Qingfen (China Daily)
Analysts skeptical, noting status will be achieved automatically by 2016
BEIJING – The United States has agreed to recognize China’s market economy status (MES) as soon as possible, according to a statement from the Chinese side
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2010-05-09 Chinese Garlic Price（Chilled Garlic）
March 23th,2010 the groundbreaking ceremony of shandong zhihui black garlic projects was held at the Economic Development Zone, the total investment of 60 million, covers an area of 53 acres
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2010-05-09 Chinese Garlic Price
The project of black garlic settles down the Center of Chinese Garlic March 23th,2010 the groundbreaking ceremony of shandong zhihui black garlic projects was held at the Economic Development Zone, the total investment of 60 million, covers an area of 53 acres, an investment 20 million. Completed, the annual production capacity of 600 tons, annual sales income will...
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2010-05-08 Chinese Garlic Price
March 23th,2010 the groundbreaking ceremony of shandong zhihui black garlic projects was held at the Economic Development Zone, the total investment of 60 million, covers an area of 53 acres, an investment 20 million
Read More →