Garlic prices increase sharply on New Year's Eve

Onions and garlic are being sold at retail prices that have skyrocketed 30% compared to the beginning of the year, with Phan Rang white garlic costing up to VND200,000 per kilogram.

According to a survey by VnExpress at traditional markets in Ho Chi Minh City, the retail price of garlic has increased sharply in recent days. Accordingly, the price of northern garlic is being sold by traders at 140,000 VND per kg, Chinese garlic at 100,000 VND. Ly Son and Phan Rang garlic alone is priced at 200,000 VND per kg, an increase of 30% compared to the beginning of the year.

The report from Hoc Mon wholesale market also shows that garlic prices are rising quite high. The wholesale price for Northern garlic is 62,000 VND per kg, Chinese garlic is 80,000 VND, Ly Son and Phan Rang garlic is 160,000 VND per kg.

Along with garlic, the retail price of Soc Trang purple onions also increased by 20,000 VND (more than 30%) compared to last month, to 80,000 VND per kg, and purple onions in the North cost 95,000 VND.

Phan Rang garlic is sold by traders for 200,000-220,000 VND per kilogram. Photo: Hong Chau — Phan Rang garlic is sold by traders at 200,000-220,000 VND per kg. Photo: *Hong Chau*

Ms. Oanh, a trader at Xom Moi market (Go Vap), said that the price of onions and garlic has been increasing continuously in the past few days even though demand is still slow. "Last week, if I imported Northern garlic, the price was 100,000 VND per kilogram for grade 1, now it has increased to 120,000 VND. After adding up the costs and deducting the loss, the profit per kilogram is only about 5,000-7,000 VND," Ms. Oanh said.

Explaining the high price , Ms. Loan at Ba Chieu market (Binh Thanh) said that in the beginning of the year, garlic had a bad harvest and low prices, so people were not interested in growing it, causing the supply to decrease. Currently, the quantity of goods coming to the market is lower than the same period last year.

Soc Trang purple onions have doubled in price compared to the beginning of the year. Photo: Hong Chau — Soc Trang purple onions have doubled in price compared to the beginning of the year. Photo: *Hong Chau*

Mr. Dung, a garlic trader in Ho Chi Minh City, said that Ly Son garlic and onion season is over at this time, so the bulbs are small and prices are high. Phan Rang products are sold less than those from the North, so the quantity is limited and often increases sharply when people buy them to pickle and make them crispy to serve the Lunar New Year.

In addition, the amount of garlic and onions imported from China and India into Vietnam has also decreased compared to the same period last year, leading to low sales. However, so far, purchasing power is weak, so there is no shortage of goods.

Surveys at growers show that the amount of garlic harvested this fall-winter crop has decreased sharply compared to the same period last year. Garlic prices at northern gardens are 50,000-55,000 VND per kilogram, while garlic in the south ranges from 55,000-60,000 VND. Ly Son and Phan Rang white garlic (grade 1) alone costs 100,000-120,000 VND per kilogram.

From November onwards, people will reduce the harvest of onions and garlic because of the cool weather, onions and garlic will sprout and be light in weight. However, there is still a certain amount of area planted with onions and garlic to serve the Lunar New Year, but not much.

Hong Chau

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