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Flu-fighting garlic sees price spike in China
December 3, 2009
Long believed to provide a variety of health benefits, garlic has seen increased demand in China during this flu season, according to Global Markets China Research. Garlic, believed to have flu-fighting properties, has seen wholesale prices increase by as much as 1500 percent since March.
Prices for garlic have risen astronomically. David Anderson, a director with consulting and research firm GMC Group China, follows the agricultural market in China closely. "It's quite incredible, with parallels to 'tulip mania' from the 1630s in the Netherlands. We've seen large numbers of speculators shifting money from mainstream assets, piling it into garlic in the hope of turning a quick profit."
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