"After 1-2 months of rising prices, the export price of Chinese fresh ginger began to fall in March. This development still continues, but not as rapidly as before. The price is gradually reaching stability. This is mainly because the containers of fresh ginger exported in February have, by now, reached the European and North American markets. This means that supply is gradually exceeding demand in overseas markets."
"The export price in February 2019 was, as far as we know, at the same level as the export price in February 2018. The export price is expected to stabilize in the next one or two months. The domestic market for fresh ginger suffered from natural disasters and subsequent decline in production volume during the harvest period in October 2018. The product quality is also less than ideal."
"The demand in February and March was slightly smaller than last year. In addition, the supply volume that was not absorbed last year but entered into storage also flooded the market this year. This caused the price to fall. We expect that the market will take one or two months to absorb the supply volume, and then the price may enter another period of increase."
"Fresh ginger are exported to European and North American markets. These markets demand large, short, and fat ginger products. The Southeast Asian market demands small, short, and fat ginger products. While we continue to develop our market share in Europe, North America, and Southeast Asia, we also hope to find new clients and markets. We are looking for overseas buyers to cooperate and develop commercial opportunities."
