"Garlic speculators" gets hot on China's internet

13:58, May 11, 2010      

Email | Print | Subscribe | Comments | Forum 

Vegetable prices have increased substantially in most cities, following bad weather in many parts of the country since November last year, latest statistics from the Ministry of Commerce showed.

The wholesale price of Garlic, for instance, has been increasing more than 100 times in last two years. Now, people have to pay 19 yuan for a kilogram of garlic, but the prices of pork and eggs are only 13.96 yuan and 6.80 yuan per kilogram.

"The price hike in garlic was mainly caused by hoarding and profiteering," said Yang Guoqing, general manager from a local farm products company in Guangzhou.

"A businessman from Northeast China wanted to stock up on large amounts of garlic with me in advance last year. I refused since I felt it was very risky, but he still earned more than 1 million yuan this year," he said.

People who are alike with that businessman is called "garlic speculators", and the word, which was so popular last year, became one of top ten hottest words on China's internet.

By People's Daily Online


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion