语音：英式发音 适合精听 语速：150词/分钟 关键词：garlic, increased, H1N1
Forget the stock market in gold. The real action in China seems to be garlic.
Nationally, wholesale prices have risen from around 23 US cents a kilo back in March, to about 90 US cents a kilo right now, with word that 1)speculators are playing the market.
State-run television reports just several hundred traders have 2)stockpiled thousands of tons of garlic and are now controlling the price in China. And because China produces two-thirds of the world’s supply, they’re effectively controlling global prices as well. Many of the so-called “garlic traders” appeared in the report boasting about making tens of thousands of dollars profit in just a few months.
In one city, a garlic-producing 3)hub, the investment bank, Morgan-Stanley, reports that prices there have increased by 40 fold, and explains the dramatic price increase is the result of reduced plantings by farmers because of the economic crisis and a mistaken belief in China that garlic can be used to treat H1N1, or 4)swine flu.
It’s easy to speculate in garlic because it’s a cash market; there are no 5)hedging tools. So, will this garlic bubble burst? Well, many people are now waiting on that with 6)baited breath.