Importing ginger is presently somewhat unpredictable, says Gerri Li of Vision Fresh. "There are too many speculators on the market. Recently a lot of ginger from Brazil and Peru was sent to the Netherlands. Usually, there are times with less supply. That creates opportunities for a price rise. But there have hardly been any lately. There is currently plenty of ginger stock in the country."
"Also, logistical costs are astronomical. It now costs $14,000 to import a container from China. And those costs just keep climbing, while it’s still very challenging to get enough containers. Chinese ginger prices will probably surpass those of ginger from Peru and Brazil. Prices won’t drop any time soon.”
“The Chinese ginger season is ending. So, there’s not much high-quality ginger available anymore. Not all ginger is suitable for export. Those prices will, therefore, continue to rise for now. However, I think Brazilian and Peruvian ginger prices will remain at a stable low level for the next while,” Gerry says.
The high sea freight prices mean less garlic is being imported from China. "Prices are very volatile and differ from week to week. If logistics costs continue to rise, garlic imports will remain at a low level." Vision Fresh also supplies exotics like cassava and eddoes from Costa Rica.
But those volumes are dwarfed by the 20,000 tons of ginger it imports annually. "We focus on providing European customers with the best ginger. This comes from China, but also Brazil and Peru. We imported 20% more ginger in 2021’s first six months than last year. That’s despite the logistical challenges," Gerry concludes.