News

Peruvian ginger exports fall 64% compared to the same period in 2023

Whole Ginger
Vegetables
Peru
Market & Price Trends
Published Apr 13, 2024

Tridge summary

In 2024, Peru has seen a dramatic decline in its ginger exports, with a total of 7,119 tons exported, representing a 64% decrease from the previous year. Weekly exports have consistently stayed below 1,000 tons, significantly lower than in 2023. Despite an increase in the average price of ginger in January, the reduced export volume has led to a pessimistic outlook for the year. The number of companies exporting ginger from Peru has also fallen sharply, from over 110 in 2023 to less than 70 in 2024, with major exporters losing a significant portion of their market share. The United States, the Netherlands, and Canada remain the primary destinations for Peru's ginger exports.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Peru has shipped a total of 7,119 tons of ginger so far this year, representing a 64% decrease compared to the previous year. Weekly exports of Peruvian ginger have not yet exceeded 1,000 tons, unlike in 2023, when they exceeded that mark from the beginning, according to FreshFruit. This has worried and presents a very unfavorable outlook for the rest of the year. If the exponential increase in the average price seen in January (which allowed the blow to be stopped due to lower volume) is not repeated in the rest of the year, 2024 will be very bad. In this last week, shipments of the product barely amounted to 252 tons, which was 87% less than the same period in 2023. On the other hand, the participation of exporters this year has also decreased considerably, going from more than 110 companies in 2023 to less than 70 this year. Likewise, the main companies that led last year have reduced their participation considerably in 2024, even leaving the podium. These were Agronegocios La ...
Source: AgroPeru
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