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Inside China's garlic bubble

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NOT TO BE CONFUSED WITH THE VAMPIRE BUBBLE
"[N]ever 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," Fortune reports. "Unfortunately, foreigners have no way of profiting from China's garlic bubble. That's because, unlike sugar and cocoa, there is no futures market for this oddball commodity. Instead, speculators need to buy up as much produce as they can from individual garlic farmers in the local yuan, load up trucks and store their loot in warehouses, hoping to squeeze supply and drive prices up further."
SOURCE:   Fortune

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