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General discussion

Alert the Mafia. Price of Garlic going up!

by James Denison Mar 24, 2010 11:31AM PDT

They could corner the Italian market, lol.

LINK

never in its long and varied history has garlic been more coveted in China than today, where a speculative bubble has forced wholesale prices to increase 605% to $1,200 per tonne from March 2009 through February 2010. Garlic was the best performing commodity in China in 2009 -- and is set for a repeat performance in 2010....

This kind of price-fixing is having ripple effects around the world, including the U.S. where about 50% of the raw garlic consumed comes from China. U.S.-grown garlic, which sells at a premium because it is more potent, has appreciated about 70% in the last 12 months, says Bill Christopher, co-owner of Gilroy, Calif.-based Christopher Ranch, the biggest domestic supplier of raw garlic in the U.S.

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