Since the beginning of this year, the price of ginger in the Chinese market has fallen further, by more than 50% compared to the same period last year. In the vegetable wholesale market, the price of ginger is usually €1.24/kg, and the price of relatively poor quality ginger is even lower, only €0.69/kg. The total price is now lower than the highest price of €3.32/kg in the same period last year.
Original content
The reason for the price drop is that, since the ginger price rose sharply in 2020, growers have stored a large amount of ginger for sale in the coming year. In addition, the increased supply, caused by the increase in the number of ginger growers and their harvest, has caused the ginger price to fall. According to some traders, the harvest of fresh ginger starts in winter, but ginger can be supplied all year round without interruption. Currently, most ginger on the market is "old ginger" stored by ginger growers. The amount of fresh ginger is not large. The ginger price has been high for seven years in a row. It reached its peak in 2020 when the retail price was over €1.32, indicating a very good market situation. The price increase in recent years was related to natural disasters in several places. At the same time, the cost of planting ginger was higher. Despite this, a large number of growers entered the ginger sector in 2021 and the reversal of supply and demand has led to ...
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