The price of Chinese ginger is falling

The price of Chinese ginger began to fall after the National Day on October 1. Some traders with stocks suspected that the price had already bottomed out. They started to slowly replenish their stocks, which caused a temporary rise in the ginger price. However, the marketing season for ginger from storage is gradually coming to an end. The new ginger growing season has officially started. Moreover, the yield is relatively high and the quality of the product is quite good. Together, these developments are putting pressure on the ginger price, which is falling again now that fresh ginger comes onto the market. The price is expected to continue to trend downward for the foreseeable future. "We mainly export our ginger to Saudi Arabia, Dubai, Qatar, Pakistan, Ukraine and the Netherlands. The price of air-dried ginger destined for the European market is currently around €1293/ton. That is a price decrease of more than 70% in compared to the same period last year," said David Wu, sales ...