Ginger: price increases in China, the start of the season in Brazil, production growth in Togo and Fiji

The CIF export price for ginger in China increased from $ 1.5 thousand per ton to $ 2 thousand per ton from March to early June 2020. Demand for Chinese ginger in Europe is gradually declining due to which exports and supply volumes are declining, but at the same time, demand is growing in the markets of the Middle East and the USA. In the domestic market of China, the price of ginger is $ 0.51 per 0.5 kg. According to analysts, this is mainly due to the speculation of traders. Ginger processing factories establish requirements for the size and quality of the product, which also affects the price, so farmers prefer to sell ginger to intermediaries, which gives them the opportunity to speculate on prices. According to the Mintec analytical agency, China represents 80% of the world export volume of garlic and 47% of the world export of ginger. In the second country in terms of ginger supplies, Brazil, the export season for new crop products will begin in the coming weeks. As a rule, ...