"The export price of fresh ginger showed an upward trend between the Chinese Spring Festival [February 5th, 2019] and the last week of February. The price has now settled. The overseas demand for fresh ginger is rather weak at the moment. Chinese farmers are busy planting another round of ginger which is expected to enter harvest season around the last week of October. The overall surface area devoted to ginger plantation will probably expand in comparison to last year because the overall price of ginger was not bad this year." This is according to Jim of Qingdao Oriental Joxin Trading Co., Ltd.
"The main reasons for weak overseas demand are as follows: first, the temporary pause in the ginger market during the festive season caused an upsurge in demand immediately after the festivities were over. Overseas buyers are just now receiving their ginger, and they are stocking their warehouses. They therefore feel no immediate need to purchase more. Second, the European market enters a slow period in May, as in previous years. The sales volume declines and the price does the same."
"The current export price of fresh ginger is around 10% higher than in previous years. This is mainly because natural disasters negatively affected product quality last year, which in turn pushed the price down because the volume of top-quality ginger was especially small. The main competition for Chinese ginger traders in the international market are Brazil, Thailand, and Peru. However, these countries have difficulty providing year-round supply and their prices are significantly higher than Chinese ginger. The production volume also does not measure up, and China therefore remains the largest supplier of fresh ginger in the international market."
"We currently supply regular fresh ginger, EU-MRL Free fresh ginger, and organic fresh ginger. The consumer demand for organic ginger is growing every year. We believe organic ginger will be a popular trend in the coming few years. We own 33 hectares of fresh ginger plantation in Pingdu, Qingdao, and a further 200 hectares of fresh ginger plantations which we manage in cooperation with local farmers. We mainly export fresh ginger to Europe, North America, Southeast Asia, and the Middle East. The supply volume of large, premium fresh ginger is relatively small because of excessive rainfall in production areas last year. This mainly affects exports to Europe and North America.
Contact person: Jim
Company name: Qingdao Oriental Joxin trading Co., Ltd.
WhatsApp: +86 159 6689 0955
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