Currently available on the ginger market are the Peruvian, Chinese and Brazilian origins (transported by plane). The Thai origin should arrive on the market within 2 weeks. The coronavirus crisis has boosted the ginger sales, but the consumption had already increased strongly in recent years. “Today, the global demand is much greater than the supply. Before the crisis already, ginger was being used more and more in the kitchen, especially in Asia dishes. Ginger is a product which is easy to use, keeps well and gives a special touch to a dish while serving as an alternative to salt,” explains François Bellivier, development manager at Capexo.
“But for a year now, ginger consumption has literally exploded. It benefits from a nice reputation in terms of health benefits. Consumers often refer to it as ‘pharmafood’.”
The demand is now calmer, but still greater than before the crisis
The ginger demand remains high, but like the prices, it is calmer now than during the first wave. “At the moment, ginger prices are quite stable, between 2.8 and 3 €/kg [3.4-3.6 USD/kg]. During the first lockdown, prices had easily reached 4.5 euros [5.4 USD]. All the merchandise arriving was sold immediately, or even ahead of time. The demand is now calmer after the first lockdown but still greater than before the beginning of the sanitary crisis.”
Origins that are developing
Faced with this ever-growing demand, the market is evolving. “More and more origins are arriving and developing on the market, each presenting its own advantages. The quality of the fresh ginger arriving from Brazil by plane is exceptional, but it does not have a long shelf-life since it is fresh. Peru is an interesting but more limited origin. As for Thailand, we are waiting for it impatiently, as it is the ultimate ginger in terms of quality.”
For more information:
François Bellivier
Capexo
Phone: +33 1 41 73 23 00
Mobile: +33 6 75 03 76 54
f.bellivier@capexo.fr
www.capexo.fr