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All countries 26/05/2020

Ginger market likely to remain disrupted

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In China, the coronavirus epidemic has led to price volatility linked to the variability of consumption. The supply and demand for several products have experienced disruptions, including ginger.
 
 
 
According to Mintec, a raw materials analysis firm, China represents 80% of the world garlic export market and 47% of the world ginger market.
 
 
 
The coronavirus pandemic in China has caused delays in exports. These delays have led to shortages in several destination markets which have turned to other supplying countries. This shortage has caused prices to rise.
 
 
 
Market analysts say supply problems with Chinese ginger may continue long after the pandemic. Indeed, an increase in demand for garlic and ginger on the Chinese domestic market is to be expected. Used in many recipes of traditional medicine, ginger should register a strong increase in its consumption. Limiting the volume of products exported to other countries.

 

source : financial times com

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Chinese domestic demand is expected to increase, limiting the volume of exports (Photo: kajrii.com).
   
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