There will be a global shortage of ginger for the next five months

Published 2024년 2월 7일

Tridge summary

Peru's ginger plantations have seen a decrease, leading to a scarcity and subsequent price increase of the crop. The upcoming season is predicted to see a 10-15% production increase, but high demand is expected to absorb this supply. While ginger production in Costa Rica and Honduras is growing, it cannot compensate for Peru's shortfall. Chinese ginger, despite being cheaper and readily available, is less sought after due to quality differences. Happy Veg, a Peruvian ginger producer, exports to various global markets and plans to expand into Japan and Australia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) Ginger plantations have decreased in Peru and, as a result, the harvest is scarce this season. “There is a huge shortage of ginger from Peru,” says Cameron Mistal, of Happy Veg. “The price of raw material in the jungle is now above S/ 10.5 per kilogram, which is the equivalent of US$ 2.75, and we will continue to see it rise until the start of the new season.” Peru's new season will begin around June/July and although production is expected to increase by around 10-15 percent compared to this season, high demand will absorb supply without problems. “By January or February 2025, the market will once again be short of product,” says Mistal. While ginger production in Costa Rica and Honduras is also growing, the volumes from these countries are relatively small and cannot fill the gap left by Peru. What doesn't help is that approximately 40 percent of Costa Rica's ginger crop has been lost this season due to a bacterial problem. “Apart from that, it is not possible to ...

Source: Agraria