Brazilian ginger prices rise more than 100% in three weeks

Published 2021년 10월 19일

Tridge summary

Ginger availability has decreased by about 50% compared to last year, with conventional ginger primarily sourced from Brazil and organic ginger from Peru. Demand for organic ginger has increased due to health-conscious consumers, leading to a 30% increase in ginger consumption since the Covid-19 outbreak. However, logistical issues such as a container shortage in Brazil, rising freight rates, and port congestion have caused delays and a surge in ginger prices, which have increased more than 100% in the past three weeks and are expected to rise further.

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Original content

The availability of ginger is currently limited. "Our stocks of Brazilian ginger are significantly lower, as is the supply. Availability has decreased by about 50% compared to last year," said Jim Burnette of Florida-based company Delina Fresh. Currently, conventional ginger comes from Brazil and organic ginger is supplied from Peru. Burnette notes that China and Costa Rica also export conventional ginger. Demand is strong and there is a lot of interest in premium quality ginger. The demand for organic ginger is fueled by health-conscious consumers. “Since the outbreak of Covid-19, ginger consumption has increased by at least 30%,” continues Burnette, adding that Delina Fresh has added a new clamshell pack (113g) of organic ginger and an organic turmeric (also in a 113g clamshell pack) to its range. has added. Concerns about logisticsLogistics problems, however, hinder the shipment of ginger. "There is a shortage of containers for ginger transport in Brazil. Freight rates continue ...

Source: AGF