Prices fall by 48% due to the increase in the Peruvian supply of ginger

Published 2022년 6월 9일

Tridge summary

Inkawald, a Peruvian family business, has seen significant growth in ginger sales in Germany, estimating a market share of 25-30%. The company, which specializes in organic ginger, turmeric, and avocados, has experienced a 54% increase in exports in the first quarter of 2022. However, the market price for Peruvian ginger has dropped by 48% due to increased supply and the reactivation of Chinese exports. The company plans to export up to 80 containers of ginger this season. Despite the challenge of rising logistics costs, Inkawald buys ginger from local growers, including the Ashaninca indigenous people. The company provides training to these growers to convert their crops to organic and sustainable farming practices.

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Original content

With an estimated 25-30% 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 place a lot of emphasis on having an ecological and sustainable production. Our products are certified by GlobalG.A.P. and Grasp, among others," Neira informs us. In the middle of the jungle of Peru, near the coast, is the main production center of Inkawald. Recently, the company has been able to access another area in Malaga. 1,600 tons of ginger Ginger can be marketed by Inkawald from June to March. "Peruvian ginger shipments totaled about 15,000 tons in the first quarter of 2022, at a cost of 19 million dollars. Compared to last year, exports showed an increase of 54% in volume and a decrease of 20% in The increase in ...

Source: AgroForumPeru