As the price and demand for ginger has increased in world markets, the local Peruvian population have also increased consumption of this popular food ingredient. According to Leandro Manuel Llacctarimay Figueroa, Sales and Operations Manager of the Peruvian ginger grower and exporter Agroexportaciones Llacta: "The price has been rising for four weeks now, rising by approximately 0.14 cents per week."
He says Peru is now in the growing season of the new ginger crop. "Currently the price of organic ginger FOB at the Port of Callao in Peru is $37.7 per box of 13.6 kg. This is because last year there was less planting than in 2022/21/20 because farmers were afraid to plant larger quantities thinking that the price would drop as happened in 2021-2022, with 2020 being a good year due to the pandemic. Last year there were good prices, but farmers did not want to risk their capital due to the experiences they had in 2021-2022, so they decided to invest in planting coffee, cocoa and pineapple and in improving their quality of life, by buying a truck and building their houses."
Peruvian ginger is being exported worldwide. "Now, both conventional and organic Peruvian ginger is being exported to the markets of Chile, Colombia, the United Kingdom, Canada, Argentina, the U.S. and The Netherlands, with the last two countries receiving the most exports," states Figueroa.
Figueroa says some farmers halted ginger harvesting to wait for better prices. "When farmers saw that the price began to rise, they decided to stop their harvest to wait for better prices in the following weeks. Another factor for the price rise is the high consumption of ginger in the Peruvian market. The main destination is the great wholesale market of Lima, from which they distribute to all of Peru. In this market, the variety preferred by consumers is the jumbo variety of ginger, which is more expensive than the Criollo variety that is mostly exported. The price difference per kilo of jumbo versus Criollo is approximately $0.40 cents."
He says they expect the Peruvian ginger campaign to end in January. "Thereafter the new campaign will begin with exports by air in February and by sea at the end of May," concludes Figueroa.
For more information:
Leandro Manuel Llacctarimay Figueroa
Agroexportaciones Llacta S.A.C
Tel: +51 978 001 892
Email: [email protected]
www.jengibreperu.com
Danny Pacheco Infante
Tel: +51 959 175315
Email: [email protected]