"Brazilian ginger prices climb due to shortage from China"

The price for ginger is high at the moment. "Supply and demand are traditionally lower during the summer. Right now, everyone is waiting in anticipation to see what will happen. The supply from China is currently exceptionally low. The big question is whether this is due to trade speculation or an actual limited supply", says Dennis Koemans of Davis Europe.

The business, with its head office in Barendrecht, currently gets ginger from China and Brazil. "The Brazilian season only began a few weeks ago, but prices are comparing nicely to the Chinese ginger. The Brazilian ginger is usually more expensive, but at present prices of product from both countries are just about on par", says Dennis. The Brazilian season runs until September. The new Chinese ginger will be harvested in October. Chinese ginger is selling at between EUR 17,50 and 22 at the moment.

Dennis has seen ginger's popularity growing sharply over the years. "A few years ago, ginger was still really exotic, and you could get only powdered ginger in the supermarket. Now it is commonplace, with plenty of conventional and organic fresh ginger available. It is used in teas and meal preparation, such as Asian food, which is becoming more popular", he says.

This increasing popularity means more importers are entering this market. "Certainly since Fruit Logistica has been back, there have been numerous importers who have contacted the Chinese, trying to get supply. This caused the usual drop in prices in April and May." says Dennis.

For more information:
Dennis Koemans
Davis Europe
3b Koopliedenweg
2991 LN Barendrecht
Tel: +31 882 665 555
dkoemans@davisworldwide.nl