Demand for ginger in US brings prices down

Ginger prices in the wholesale market at the Big Apple (NY) are nosediving since Mid-July to levels never seen. Major player advised $20/box of which sometimes tests even lower levels. The buyer market is generally opting for a zero stock basis as demand is deemed to be 65% lower. Most importers are preferring to work with the consignment to get them off risk as forecasts are simply not sustainable.