Overview of the global ginger market

There currently seems to be an oversupply of ginger on the world market, a situation that is depressing prices despite fairly stable demand. The health benefits of ginger have helped the product's popularity in the wake of the pandemic, a trend also seen in the North American market. In the Netherlands, the market was almost empty last week, which led to suppliers ordering more and causing an oversupply. However, these low prices do not seem to last long, because prices in Italy have already risen due to a lack of supply from China. Currently, Peru in particular seems to dominate the European and North American market, partly due to the aforementioned decline in supply from traditional supplier China. This country reports up to 30% less area under ginger cultivation this year and a loss of up to 50% of the yield. This could be good news for Peru, which has seen the value of its exports fall by 20% so far this year. The Netherlands: Last week the ginger market seemed empty, now the ...