"After a period of sky-high prices - more than €5/kg - the Belgian ginger market collapsed a little. The summer demand is usually lower. So, current prices are around €1.70 to €1.80/kg," says KX Food's Sophie Ye. "But, these prices are showing an upward trend. Three weeks ago, these prices were at a low point. They're, however, gradually climbing. Chinese ginger's purchasing price is now breaking even with its sales price."
KX Food doesn't only sell Chinese ginger. This Belgian company also has ginger from Brazil in its assortment. "The Brazilian ginger market's very quiet at the moment too. There is currently a surplus of Brazilian ginger. That's because consumption is very low at the moment. The situation's improving, however. We expect an increase in consumption after the summer."
"And in a few months, the stocks should start emptying. We sold a lot of ginger at the beginning of the year. That was due to the coronavirus outbreak. That means there's generally not so much ginger in stock. Ginger remains a popular product, and 2020 was a great year for ginger sales," Sophie concludes.