China: Ginger prices will continue to decline

A few years ago, ginger prices soared, which encouraged growers to expand their acreages. However, in the past two years, despite falling ginger prices and a weak market, this did not stop the farmers. This year in some areas of the country, ginger planting areas continue to expand. Statistics show that the current price of ginger is not good and in the future the benefits of ginger harvests may be lower.

Since March, the domestic market for ginger has been relatively stable, but the price is not good. Currently, the mainstream purchase price of ginger is between 2-2.20 yuan per kilogram, a fall of 3.67% over last week and 10.64% over last month. The current sources of ginger from southern and northern areas are in adequate supply, which means supply currently exceeds demand in the market. As the new harvest time is coming, and will last till the end of April, prices are likely to continue their fall. Ginger is a culinary spice, which has limited market demand, and what affects the price of ginger is precisely the relationship between supply and demand. In addition, the weather, as well as some artificial factors, to a certain extent, also affect the price changes.