Chinese export prices ginger decreased by 50%

The 2023 Chinese ginger harvest started in early October and is now nearing its end. Global Fruit & Vegetable recently spoke with Leo Jiang of Qingdao's Shenpu Fruit & Vegetable about the ginger market. "The ginger harvest in China this year was significantly better than previous years, both in terms of yield and quality, as the harvest was not affected by extreme weather conditions such as drought or floods. In addition, ginger yield was lower last year due to the rainy climate, which led to a significant price increase. This year, however, the situation is different and ginger prices are generally back to a more normal level," says Leo. "At present, the export price of ginger is expected to be around €1,589 per ton, which is about 50% lower than the same period last year. Due to its affordable price and good quality, many overseas customers do not have last year's ginger bought more and are waiting for the new season. So far we have received many orders to buy ginger for the ...