The Chinese ginger market is proceeding as usual and the export price has been stable for a while now. The current price of Chinese ginger destined for Europe is around 2,100-2,200 USD per ton. The main competition for Chinese ginger in the international market is Peruvian ginger. First, Peruvian ginger export is rapidly developing. in 2020, Peru became the fourth largest ginger exporter in the world, just behind China, Thailand, and the Netherlands. Second, Peru has a huge supply volume of organic ginger. Third, the price of Peruvian ginger is currently lower than the price of Chinese ginger. Still, most overseas customers prefer Chinese ginger. That is why China remains the leader in the international ginger market.
"The main problems in the international ginger market are the shortage of shipping containers and the high shipping price. Although the price of shipping temporarily dropped in March, it began to rise again in April. This is particularly true for shipping routes between China and the USA or Canada. The shipping price to Europe is rising too, but the increase is not as big." This is according to Jason of Anqiu Tailai Foods Co., Ltd.
Jason also explained that "the rising price of shipping is primarily the result of a reduction in shipping capacity. Some ships have halted operations during this pandemic, which leaves fewer ships available for international transport. Another reason is that shipping containers are not processed as quickly as before because of measures taken to prevent the spread of Covid-19. That is why storage space is strained. Some news suggests that the delivery volume of fresh ginger is not that large this year, but the delivery volumes of frozen and quick-frozen ginger have expanded." This is the off-season for ginger, but the Covid-19 pandemic has not affected market demand for ginger much. Overseas demand for Chinese ginger remains stable.
For more information:
Jason - Sales Manager
Anqiu Tailai Foods Co., Ltd.