Review and outlook for the second quarter of ginger market

The second quarter of 2022 has ended. Looking back at the ginger market from April to June, the price in the domestic main production area can be described as up and down, and the overall price in the second quarter ended with a stable but weak end. It had started steadily with reasonable prices in July.

Compared with the monthly turnover of the wholesale market in the past two years, the turnover in April-June 2022 is higher than that in 2021. According to statistics, the turnover volume of the wholesale market in the second quarter of 2022 was 121,807.955 tons. Compared with the volume of the first quarter of 2021 with 104,162.54 tons, it increased by 16.94% year-on-year.

Entering April, the enthusiasm of downstream second-and third-level purchasing merchants to take goods is not high due to the control of the terminal market in the early stage of the sales area. Most of them are mainly maintained and need to replenish. As the lockdown was lifted later gradually, terminal consumption improved. In May, the trading activity of ginger in the sales market was not high, affected by limited demand. The downstream second-and third-level merchants take the goods in general, and the volume is limited due to the adjustment of the market price in the production area. In June, the market transactions in the sales area basically maintained stable. As Shanghai was opened up, all kinds of catering industries gradually recovered, driving a slight increase in the sales volume, and the market operation weakened.

On the whole, it is expected that the price of ginger in the third quarter will most likely run into a hard situation for the following reasons. First, there are still stockists who are optimistic about the future market and actively enter the market to participate in the collection and storage of ginger.

Second, because of the rain in the main production area, a lot of ginger cellars are flooded. The source of goods is difficult to maintain. The supply of flooded ginger in the current market is too much. Although it dragged down the quality of the supply, good products are more favored with a stable price.

Third, the large-scale continuous rainfall in the production area hindered farmers' shipment. The supply of goods is limited, and the enthusiasm of merchants to take goods is acceptable. Once the volume of goods in the market decreases during the rainfall, there should be slight increases in prices.

Source: Wo De Gang Tie Wang


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