After a period of continued price increases, the Chinese ginger market is now stable, although the price shows a slight decline.
China is the most important producer of fresh ginger in the world. The annual ginger production volume is huge. A sizable portion of that production volume is exported to markets across the globe. The three largest export markets are Europe, the Middle East, and North America.
Fresh ginger
The overall export volume is not large. Fresh ginger export to the middle East is relatively smooth. The export price increased in response to the rising price of Chinese ginger in the domestic market. The export to Europe and North America is less than ideal. The price refuses to rise. The main reasons for this situation are as follows: first, the European and North American markets are in their off season. The ability of the market to absorb supply is limited. Second, many importers are deterred by the high price of Chinese ginger and instead turn to Brazil and Thailand for ginger supplies.
Fresh ginger
The conditions in the fresh ginger market are unlikely to improve in the near future. The price is likely to drop. The reason for this development is that ginger product quality is not as good as before. Furthermore, if the price remains high, then overseas demand will decline.
