In 2023, the harvest of Chinese ginger began in early October, and now the harvest is drawing to a close. Regarding the market situation of ginger, Freshplaza has recently conducted relevant market exchanges with Leo Jiang of Qingdao Shenpu Fruit & Vegetable.
According to him, "In China, this year's ginger has not been affected by extreme climate such as drought or flood, and its yield and quality are obviously better than those in previous years. In addition, in terms of price, last year's ginger production was reduced due to the rainy weather, which led to a sharp rise in prices. However, this year's situation is different, and the overall price of ginger has returned to the normal level. "
"At this stage, the export price of ginger is expected to be around $1,700/t, which is about 50% lower than the same period last year. Because of its affordable price and good quality, many overseas customers have stopped purchasing the old ginger, but waiting for the new season's ginger to go on the market. So far, we have received many orders for purchasing the new ginger, and the market prospect is very optimistic. "