Ginger prices fall 48% due to increase in Peruvian supply

Published 2022년 6월 10일

Tridge summary

Inkawald, a Peruvian family business, has seen significant growth in ginger exports to Germany, achieving an estimated 25% to 30% market share with the support of organic certification and sustainable practices. However, the market has faced challenges, including increased supply and decreased prices due to the pandemic and logistical issues. Despite these challenges, demand for organic ginger and turmeric persists, particularly in Germany. The company also faces logistical and financial challenges due to increased costs and reduced prices for their products, impacting both producers and consumers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) With an estimated 25% to 30% market share in Germany, ginger from Peru seems to be gaining ground, says Gino Neira, co-founder of Inkawald, a family business based in Peru. The company has been on the market for five years and specializes in three organic products: ginger, turmeric and avocados. “We are producers, packers and exporters at the same time, and we put a lot of emphasis on having an ecological and sustainable production. Our products are certified by GlobalG.A.P. and Grasp, among others," reports Neira. In the middle of the Peruvian jungle, near the coast, is Inkawald's main production center. Recently, the company has been able to access another area in Malaga. 1,600 tons of gingerEl Ginger can be marketed by Inkawald from June to March."Peruvian ginger shipments totaled some 15,000 tons in the first quarter of 2022, at a cost of US$19 million. Compared to last year, exports showed an increase of 54% in volume and a decrease of 20% in value. The increase ...

Source: Agraria