Prices for ginger in Russia almost doubled

Published 2023년 7월 29일

Tridge summary

The price of ginger has increased due to a low harvest in China and currency fluctuations. This is the second time the industry has experienced a significant price jump, with the first being at the beginning of the coronavirus pandemic. Russian retailers are now importing ginger from Peru and Brazil due to the shortage in China, but the quality is lower, leading to additional financial investments to ensure the product is of acceptable quality.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The low ginger harvest in China and currency fluctuations have led to a sharp increase in the price of ginger. The last time the industry faced such a jump in prices was at the beginning of the coronavirus pandemic. Ginger prices in Russia have doubled or more, according to Shoppers analysts. In the material that sfera.fm has read, analysts cite data: wholesale prices for ginger now range from 400 to 600 rubles per kilogram, while a month ago they were 200-250 rubles for the same amount of goods. There are several reasons for such a rise in prices. So, the rise in prices coincided with the supply of a new crop of ginger - experts note that it is still too small, hence the price jump. Due to the shortage of Chinese ginger, Russian retailers are switching to deliveries from Peru and Brazil, but the quality of ginger in these regions is worse. We have to go through batches and weed out a low-quality product, and this requires additional financial investments. Finally, the exchange ...
Source: Agronovosti

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