The wholesale price of ginger dropped by -53.28% YoY to USD 0.72 per kg in W3 Feb 2022, which was USD 1.55 per kg in 2021. Oversupply has occurred in the domestic market in China because of the increased acreage of ginger crops. But the shortages of high-quality ginger can not meet the export standard so ginger supply overpoured into the domestic market, and ginger prices continued to plummet.
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