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Price of Chinese ginger shows ups and downs

The Chinese ginger market was quite firm in the second week of August, but afterwards the price began to drop and then rise again. After that, the price remained relatively stable. The overall price shows an upward trend. Visiting traders have a certain demand for ginger as they are replacing stock, and the delivery speed is stable.

The majority of visiting traders worry about risks in the ginger market. The current price is quite high and traders are hesitant to purchase ginger at these prices. However, there is a stable minimum demand. At the same time, the south of China suffered from heavy rainfall and in some production areas the ginger has spent less time in storage than usual. The delivery speed is slowing down. However, looking at the overall conditions, as time proceeds, trade will stabilize because the supply volume of ginger is limited.

Source: jiang7.com


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