China: New ginger begins to hit the market, old ginger prices plummet

After the beginning of winter, the new season's ginger harvest is basically over. The next step is to wait for the green ginger that has been stored in the cellar to turn into round-headed ginger. In previous years, this time is the period when new ginger has been stored in the cellar, and the supply of old ginger is insufficient, so the price of ginger will rise. There was a small rebound. But this year seems to be very different from previous years. The supply of old ginger in cold storage is sufficient, the price has plummeted, and the old ginger of poor quality has difficulty in selling. At the Kunfu Ginger Market in Changyi, Shandong Province, the main ginger production area, the price of old ginger continued to fall sharply last month. The price of general washed ginger in Kunfu Market has dropped from more than 8 yuan to more than 5 yuan, nearly halved. With the rise of old ginger There has been a massive sell-off, and the price may be even lower in the future. Although the ...