In Myanmar, the ginger market is currently navigating through a phase where domestic consumption has become the primary focus due to a decline in export volumes. Ginger, predominantly cultivated in the regions of Aungban and Kalaw within the southern Shan State, has experienced a slight price decrease attributed to the seasonal surge in production. The local demand is mainly driven by orders from Yangon and Mandalay. Despite the minor price reduction, the potential for price recovery hinges on the resurgence of export activities in the forthcoming months. However, the anticipation for a price increase remains subdued among ginger farmers.
Historically, Myanmar's ginger has found its way to international markets such as China, Thailand, India, Bangladesh, Yemen, Indonesia, Pakistan, Malaysia, Singapore, and the United Arab Emirates, with the trade figures being corroborated by the Department of Trade. The current market scenario underscores the pivotal role of exports in determining the price stability and profitability of ginger cultivation in Myanmar.
Source: The Global