yelan1387
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 Posté le: Sam Déc 31, 2011 3:18 am Sujet du message: Garlic beats gold as China's hot new asset pV |
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Garlic beats gold as China's peppery new asset By Ju Chuanjiang and Zhao Ruixue amid Shandong plus Li Xiang among Beijing (China Daily)
Updated: 2009-11-30 08:05
2009-11-30 08:05:13.0Ju Chuanjiang plus Zhao Ruixue within Shandong plus Li Xiang among BeijingGarlic beats gold as China's peppery current assetgarlic,fortune,hermes,prices,speculators,H1N1 virusGarlic beats gold as China's hot present assetGarlic Beats Gold1158918Top Biz News2@webnews/enpproperty-->
Shao Mingqing stands ahead the Toyota automobile he bought with the money he made on the garlic market [China Daily]
"I lent some money and resolved apt buy 100 tons of garlic at the cost of three.2 yuan per kilogram (kg) in September," Shao said. "I made a profit of 400,sacs longchamp,000 yuan from selling it by the spend of seven.two yuan a month later"
Shao isn't the only an who has made a smart fortune out of garlic, which has exceeded gold plus stocks as the country's best performing asset this yearly.
Packaged garlic is delivered to the wholesale mall [China Daily]
Garlic trading has created a handful of new millionaires overnight among Jinxiang shire Shandong province,モンクレール, China's largest garlic producing district.
"What we made was just some petty profits. There are folk who made hundreds of millions of yuan from it," said Han Yunzhe, a garlic merchant who purchased a 300 sq m house with his earnings from garlic trading.
Related readings:
Garlic namely not treat to A/H1N1 flu: China Commerce Ministry
Garlic price rockets within amid flu fears
Hold your nose: garlic is best investment surrounded China
H1N1 flu a boon apt Shandong garlic market
Garlic prices within Jinxiang county have skyrocketed accessory than 50 times since last October,while the wholesale mall price buffet a cheap of 0.15 yuan per kg. Now garlic is traded as accessory than eight yuan per kg aboard the mall.
The soaring garlic prices are creating a frenzied mood among mall speculators as they search current opportunities to purchase and storage as much garlic as feasible betting the cost ambition surge apt a current lofty in coming days.
Rich coal mine bosses,according to some medium reports, have likewise joined the garlic mall hoping apt reap big profits.
Some real estate speculators, who have earned colossal money amid China's overheated attribute mall,likewise are gambling on garlic,モンクレール レディース,forward apt medium reports.
Price drivers
Experts said one trigger of the sharp rise in garlic prices might stem from the fancy that garlic can assistance deter infection by the H1N1 virus,whatsoever there namely not scientific certify apt support the fancy.
But the basis ingredient is the extremely cheap spend of garlic last annual which resulted surrounded a sharp abatement in garlic production,longchamp pliage, others said.
Garlic planters amid Shandong province retreated from garlic planting as the selling price of garlic dropped to 0.08 yuan per kg last year.
"The abatement within garlic production plus public alarm over the H1N1 flu have occasioned garlic prices apt shoot up," said Nie Binghua,director of the Shandong Economic Management Institute.
But Nie eminent that the high cost is unlikely apt influence the overall economy,for garlic is not a crop that will inspire food security.
Production of garlic among Shandong province dripped by 40 percent this annual And in 2008, the nation diluted total garlic planting zones by 50 percent giving speculators causative to believe that there might be a keen deficit of garlic after hours.Related articles on the topic
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