"Ginger market demand continues to increase, and soaring shipping costs have become a challenge"

It is the peak season for ginger exports. While overseas market demand for ginger remains stable, rising shipping costs are putting considerable pressure on suppliers and merchants. Anqiu Wanjiatai Food Co., Ltd., a ginger planting and exporting company in Shandong, has shared insights on recent market and export conditions through Lily, the company's sales manager.

According to Lily, the current market surplus of ginger is about 37%-40%. "The export situation from July to September is influenced by several factors. The ongoing tension between the Houthi armed forces and the US Navy in the Red Sea, along with predicted delays in resuming navigation in the Suez Canal, have caused significant disruption. The continued chaos in the Red Sea has exacerbated global shipping capacity shortages and port congestion, leading to soaring container shipping prices. Currently, shipping to major European ports costs as much as $9,000 per container."

Discussing market trends, Lily noted, "The current price of ginger at the origin is ¥8.4-8.8 per kilogram. July typically sees relatively stable fluctuations in the ginger market, with stable summer consumer demand and a balanced supply. The introduction of Brazilian and Peruvian ginger will also impact China's ginger exports. However, weather conditions may affect ginger growth and storage, potentially causing market price fluctuations. In August, temperature changes and shifts in eating habits may increase ginger demand. Additionally, fewer growers and storage companies could drive prices up. In September, with important festivals like Mid-Autumn Festival and National Day approaching, ginger demand will further rise, particularly in the food processing and catering industries, often driving prices higher."

"The international demand for ginger is stable but varies across different countries and regions. Products must meet diverse customer standards. Additionally, international trade dynamics and exchange rate fluctuations indirectly impact exports," said Lily. "We advise merchants to arrange transportation and risk prevention measures in advance, respond flexibly to emergencies, and ensure timely and safe product deliveries."

Anqiu Wanjiatai Food Co., Ltd. specializes in exporting ginger products and holds base, GAR, BRC, and Sedex certifications.