Increasing overseas ginger cultivation limits Chinese ginger exports

Published 2022년 1월 20일

Tridge summary

The article discusses the situation of ginger price in the market and forecasts for the year 2021. It explains how the ginger cultivation has led to a significant supply, but a shortage of high-quality ginger. The market is currently stable with low prices due to the surplus of poor quality ginger and weak demand. The ginger exports in November 2021 decreased by 8.8% compared to 2020 due to factors such as increased sea freight rates, increased supply from overseas production areas, and decreased international demand. The forecast anticipates that sales may accelerate as the Spring Festival approaches, but the price increase will be limited.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The ginger price will remain low this year. In the period from the end of 2020 to the beginning of 2021, ginger cultivation has yielded significant benefits for almost a year. Due to the continuous expansion of the planting area, the increase in yield and the effect of the reluctance to sell, the growers got an opposite result than the expected high income and great benefits. Current status of the domestic ginger market Recently, there has been an abundant supply of ginger from the growing area, but there is a shortage of high-quality ginger. Most of the good ginger has been sealed and stored with growers and will not be sold at this stage. At the moment, what is continuously taken up by the market is still the general offer. The defective ginger continues to slow down the development of the market and the speed of the movement is not great either. The poor quality and the large quantity are the reasons why the ginger price is difficult to increase. The ginger market is relatively ...
Source: AGF

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