Peru: One response to the global oversupply of ginger is to give it added value

In the last two years, the price of the crop has fallen from US$2.1 per kilo to US$1.16 per kilo, due to a global oversupply from China. Although they are still incipient volumes, some producers are turning to offer products with added value, a strategy that is viewed favorably by Promperú. Exports of ginger without crushing or pulverizing (fresh) in 2017 reached US$51 million and in the following years there was an irregular result between increases and decreases in what was exported. However, in 2020, the year of the pandemic, there was great growth and the total value exceeded US$100 million in shipments. “This coincides with the fact that China stopped supplying the world with its production, due to the closure of its borders. So, at that moment, Peru places its shipments at a better price, since ginger is related to a series of health benefits," explains Ricardo Limo, Promperú's director of export promotion. In 2022, ginger exports were closed at US$65 million with an average ...