"Major shortages, high prices in ginger market"
Considerable shortages and high prices currently characterize the European ginger market. That is according to Sophie Ye of KX Food in Belgium. "Lower yields mean imports from China are at only half those of previous years. That results in high prices; import costs alone [from China] are around €3 per kilogram," she says.
Chinese ginger.
"The Peruvian season is lasting longer than usual. These import costs remained relatively low until early 2023. But availability is decreasing, and quality challenges are increasing, so those costs are also rising rapidly. And selling prices follow."
Ginger from Peru.
Last but not least: there is almost no more Brazilian ginger on the market. "There are still occasional arrivals. We, for instance, will keep getting a few pallets a week over the next few weeks," Sophie concludes.
FreshPlaza is one of the world's most well-known global media platforms for the fresh fruits and vegetables industry, providing its readers with the latest market developments and trends. The team of writers and editors source news from all over the world, and a daily newsletter is sent out with dedicated issues for North America, Latin America, Europe, Asia, Oceania, and Africa.
FreshPlaza is by nature an interactive concept that relies on the participation of its readers, where readers are encouraged to use the platform for publishing free press releases (500 words or less) and job advertisements.