An auspicious year for ginger in Peru due to the high prices offered

Published 2023년 9월 23일

Tridge summary

The international ginger market is experiencing price volatility due to strong competition and fluctuations in demand. Large producers are struggling to meet the increased demand, with factors such as inclement weather and crop changes affecting production. Despite complications in Peru's current campaign, ginger prices and national stock have increased, leading to positive results for the year. However, restrictions on Peruvian shipments may be imposed due to quality issues, and the profitability of ginger in 2022 may decrease, potentially impacting production in the following years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The international ginger market has always been characterized by strong competition. And if large fluctuations in demand due to consumer trends are added to that, the result is a market with great price volatility. The time in which the pandemic developed was a great example of this: high demand due to the belief that it could prevent the spread of COVID-19 with a supply limited by logistical restrictions. Today this panorama is being repeated. Currently, there is a rebound in international demand. However, many of the large producers are experiencing great difficulties in meeting this growth. The reasons are varied, from the drop in production due to inclement weather, to the change of crops due to decisions made at the worst time for ginger at the beginning of the pandemic. Peru has had different complications in the current campaign. The obvious effects of natural disasters have harmed productive growth. In addition, serious complications were reported in the quality of the ...

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