Export prices for ginger from South China to rise by 30%
Whole Ginger
China
Published Nov 17, 2022
Tridge summary
This year, the ginger harvest in South China began in June. The season proved to be challenging as extreme weather reduced production by 20-30% and ginger quality deteriorated. Jason, sales manager for ginger manufacturer Tailai Foods Co., Ltd., told FreshPlaza about this. The company grows, dried and stores ginger, which is then exported to the UK, USA and Canada.
Original content
With the advent of October, ginger harvesting began in the north of the country, in Shandong, which is more suitable for export in terms of taste. Between July and August, ginger-producing areas in Shandong experienced frequent rainfall, which negatively affected plant growth and yield. According to forecasts of producers, the reduction in production will reach 30%, and possibly more. More accurate data will be known at the end of the season. Last year, the export price of ginger in China hovered around $1,500 per ton. This year, due to reduced production, this figure is expected to rise to $2,000 per tonne or more. Thus, the cost increase can be at least 30%. The devaluation of the yuan has been significant over the past few months, which is a positive ...
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