"This year's ginger price was very unusual. From the beginning of May, the export price started to rise by 7-8% per week, until the middle of June, when it started to fluctuate slightly, and slowly became stable. The export market is now also starting to recover," says Mr. Jason from Anqiu Tailai Foods Co. Ltd.
Mr. Alex from Anqiu Tailai Foods Co. Ltd.
"The current export price is 1000 dollars per ton. This is almost twice as high as last year's price of 500-600 dollars per ton. How the ginger price will change in the next few months is hard to say, but when looking at previous years, the price will probably continue to rise. Because of this, the number of foreign orders will decline. Based on the current export price and tax rate, the ginger price on the foreign market will most likely be around 2 dollars per 500 gram, which is still acceptable for the consumer."
Ginger processing facility
"This continuous increase in the ginger price between May and June is mainly caused by the market actors' expectations of a rise in price. On the one hand, factories have purchased large quantities of ginger to increase their stock. On the other hand, farmers are reluctant to sell, also raising the price."
Jason
Anqiu Tailai Foods Co., Ltd.
Anqiu Tailai Foods Co., Ltd.
Phone: +86 536 4888 118
Fax: +86 536 4999 778
Email: Jason@tailaifoods.com