Why the price of green onion and ginger rose rapidly in China

Published Dec 3, 2020

Tridge summary

In November, China saw a significant increase in the wholesale prices of green onions and ginger, with green onions reaching a four-year high and ginger hitting a six-year high. This price hike is primarily due to a decrease in planting areas and excessive rainfall, leading to a tight supply. Experts predict that green onion prices will remain high, while ginger prices may fall with an anticipated increase in production. Relevant departments have been urged to enhance market monitoring, promote agricultural insurance, and boost processing and warehousing to stabilize prices and reduce risks.

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

Original content

According to data from China Agricultural Information Network, in November, the wholesale prices of green onions and ginger were 4.56 yuan and 14.08 yuan per kilogram respectively, up 70.8% and 45.9% respectively from June, and 99.1% and 71.5% year-on-year respectively. Why is the price of green onion and ginger? There has been a sharp increase, how will the price trend in the future? To this end, the reporter interviewed industry experts. “At present, the price of green onions has reached the highest level in the past 4 years, and the price of ginger has reached the highest level in the past 6 years.” Chief Analyst of the Vegetable Market Analysis Early Warning Team of the Ministry of Agriculture and Rural Affairs, Agricultural Information Research of the Chinese Academy of Agricultural Sciences Associate researcher Zhang Jing said. As for the reason for the recent sharp increase in the prices of green onions and ginger, Zhang Jing believes that it is mainly on the supply side. ...

Source: Chinaeconomy