Isn't the garlic market basically stopped This is definitely a disguised futures. I fried garlic in Hengfeng, Jiangsu province, and more than 3 thousand yuan didn't come out at last, so I swallowed it all. I had better not do it. I only do regular futures now. Indeed, the garlic market is very attractive, with a maximum of 20 daily limit and a fierce decline. In fact, from the perspective of conventional futures, this thing is not suitable for futures. First of all, the origin of garlic is relatively limited. Do not cover at least a few major agricultural provinces. Garlic comes from Shandong and Jiangsu, and other places are tinkering around the edges. The demand for hedging is low. In addition, the spot price in this market is east and west, so it is difficult to price the spot authority. Objectivity is beneficial to the banker's control. Moreover, the delivery standard of garlic is difficult to define, and the national standard is not perfect.
If you do this, you'd better run away if you make money. Systematic risk is too great. I will never touch the garlic contract unless it is standardized on the regular exchange and listed on the three major futures exchanges.