Peruvian ginger export dynamics and market trends:
1. Traditionally, ginger exports to Europe have seen a decline, now accounting for less than 40% of total exports, with the United States emerging as the primary market due to its quality requirements and shorter transit times.
2. Despite challenges such as high prices, disease (Ralstonia) control, and logistical issues, Peru's ginger production is projected to grow by 70% in the upcoming season, contributing to an anticipated decrease in prices.
3. Rapid advancements in testing technologies are aiding in the detection of diseases and agrochemical residues, thereby streamlining decision-making processes in the ginger supply chain.
4. Jorge Chang Hermanos (JCH), a leading ginger exporter, is diversifying its product portfolio by including turmeric, pomegranate, garlic, jolantao (pea), and is contemplating avocado exports.
5. Organic ginger makes up 80% of JCH's ginger exports, capitalizing on the rising demand for sustainable agricultural practices. However, the company cautions about potential fluctuations in market prices due to increased global supply.