Recently, the temperature in Shandong has rebounded, and local ginger has also become plentiful. With the gradual increase in the sales volumes, the market price of ginger has also declined - down by one to two cents per jin from last week. Recently, Shandong Ginger has also completed the alternation of new and old supply sources. In 2019, there were fewer good sources of ginger in the market, and the price was relatively high. Farmers therefore were reluctant to sell. However, the situation with lower quality ginger is the opposite, low prices and a dim outlook for sales. .
Zhuo Shuai, an analyst with Zhuo Chuang, said that, with temperatures gradually rising, the amount of ginger sold by farmers will also increase. However, the sales situation in the wholesale market was not satisfactory. Although the supply increased, the demand situation did not improve, resulting in a stable but downward trend for the near future. The local ginger farmers said that if the ginger were to be taken out of the storage when it is cold, it is likely to affect the quality of the ginger. Therefore, everyone will generally wait until the weather is right and then concentrate on the shipment. However, the market supply of Shandong ginger has suddenly increased recently, and it is also related to the quality of ginger this year.
In 2019, the price gap between different quality gingers will be large. That is to say, the price of ginger with poor quality will remain weak, and the price of ginger with better quality will show a more upward trend. In the short term, the supply of ginger of general quality is still relatively large, so the price of ginger will remain stable. Quality ginger is scarce, so there will be a good price for it. The price gap between different quality sources will be relatively large in 2019. And the overall ginger price level in 2019 will be higher than 2018.
