Peru: It is necessary to plan ginger production to avoid oversupply that generates price drop - ADEX

Published 2022년 5월 11일

Tridge summary

In the first two months of 2022, Peruvian ginger exports experienced a decline of 18.8%, totaling US$14,633,000 due to oversupply, as reported by the Agroexports Manager of the Exporters Association (ADEX), Susana Yturry Farge. The drop in prices was attributed to the increase in producers following Peru's position as the third-largest ginger exporter in 2020. ADEX and the Ministry of Agrarian Development and Irrigation (Midagri) are now advocating for feasibility studies to plan ginger crops. The United States was the leading destination for Peruvian ginger in the first two months of 2022, followed by the Netherlands. ADEX member company, Elisur Organic S.A.C., is organizing Ginger Week 2022 to foster ginger cultivation and is also taking steps to prevent potential pest issues.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) In the first two months of 2022, shipments of Peruvian ginger abroad totaled US$14,633,000, registering a contraction of -18.8% compared to the same period in 2021 (US$18,040,000, due to lower prices due to the existing oversupply. This was reported by the Agroexports Manager of the Exporters Association (ADEX), Susana Yturry Farge, who indicated that crops need to be planned through a feasibility study led by the Ministry of Agrarian Development and Irrigation (Midagri). He explained that in 2020, Peru was the third world exporter of ginger (US$ 105,600,000) behind China and the Netherlands, this influenced the incursion of a greater number of producers in the cultivation of this food, adding to those who already They were in that category. "Because of the boom that year, and despite the fact that our country was in a privileged position with prices above the market and without competitors that threatened our insertion, the oversupply caused a fall in prices, which ...
Source: Agraria

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