Global ginger market crisis: Prices are record high, and importers are in a panic

According to EastFruit, over the past month there has been an explosive rise in prices on the global ginger market, which has led to a rush of demand for this once exotic, and now traditional product for our region. By the way, in the countries of Eastern Europe in recent years, ginger has become an important component of the reviving tea culture, and has also begun to become increasingly widespread in cooking and the baking industry. What are the reasons for the rapid rise in ginger prices in the world? Experts say that the main reason is the extremely low yield of ginger in China and India. As a result, ginger stocks in Asia began to decline, which caused a sharp rise in prices, since there is still six months left before the start of the new ginger harvest in China. Ginger has become so expensive that even for Chinese consumers, for whom it is a traditional product, ginger has become too expensive and its consumption has begun to decline. Read also: Kazakhstan increased imports ...