"Export prices of Chinese ginger may keep rising"

“Last year, ginger production in Shandong dropped 25% compared with the year before, and some stockpilers in China hoarded products for speculation, leading to continuous high prices, so some European customers have adopted a wait-and-see attitude. ”Ma, Manager of Anqiu Xinheng Foods Co., Ltd. talked about the recent export market.

"The export price was recently at 1,700 US dollars/ton, about 200 US dollars higher than the same period of last year. Judging from the current market, it seems that the export price may continue to rise,” said the manager. When talking about the impact of South American ginger on Chinese exporters, Ma said, "Peru and Brazil are the largest ginger producers in South America, but they both have limitations. For example, the Peruvian export to the European market is dominated by higher-priced organic ginger, while Brazilian ginger can only be supplied seasonally. In comparison, Chinese exporters can provide a variety of ginger throughout the year, therefore has great advantages in supply continuity and diversity. "

"France and Italy are our main export markets. Last year, we exported about 1,500 tons. We initially chose these two countries as our entry point to the European market based on the analysis that they have historically high ginger demand. In addition, these countries initially purchased ginger from Dutch importers, while importing directly from China would reduce the middleman cost and lower the product price, which is extremely favorable for both exporters and customers. "

Anqiu Xinheng Foods Co., Ltd. will participate in Fruit Logistica taking place in Berlin from February 5-7. "This is our fourth year in a row. This year, we will mainly meet up with old customers. In addition, we also hope to get to know more ginger importers,” Ma shared.

More Information:
Contact: Jacky Ma, Manager
Company: Anqiu Xinheng Foods Co., Ltd.
Phone: +86 15666066879
Email: jacky.ma@xinhengfoods.com

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