Tridge summary
The suspension of ginger purchases by Bangladesh and foreign countries in Myanmar has led to a lack of market for stored old ginger, causing transaction stagnation. The price of ginger had previously increased due to Bangladesh's purchases, reaching up to 10,000 kyats per tug, but currently, new ginger is available in the market at lower prices. Myanmar mainly cultivates ginger in Shan State and exports 68% of its annual production to countries including Thailand, Bangladesh, China, Sri Lanka, and India.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to Myanmar market news, at the end of September and early October, Bangladesh and some foreign countries suspended the purchase of ginger produced in Myanmar, resulting in no market for the old ginger stored in the domestic market and transaction stagnation. In early and mid-September, due to the purchase of Myanmar ginger by Bangladesh, the price of ginger increased, rising to 7,800 kyats per tug, and even rose to 10,000 kyats per tug in the retail market. Currently, new ginger is on the market, and the price of new ginger is 1 tug. The price is between 1,300 and 2,200 kyats, and the price of old ginger is about 4,000 kyats. The person in charge of a trading station said that ginger cannot be stored for too long, otherwise it will turn into dry ginger and lose weight. According to data from the Bureau of Agriculture, Myanmar ...
Source: Foodmate
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.