After the start to Peru's organic ginger harvest and export season, where prices were the highest it has ever been, prices have started to come down. It is also foreseen that the ginger supply from Peru will run short by the end of the season, says Marco Antonio Salas Cueva, General Manager of Jalhuca Amazonía S.A.C., a Peruvian grower and exporter of organic ginger.
The summer weather in key markets of Europe and the U.S. has led to a decrease in demand, says Salas. "Right now, the market has had a pause in terms of shipments and price increases. So far we continue to supply both Europe and the United States regularly following the proposed program. This time of the year, there is always less volume due to the entry of holidays in the Northern Hemisphere, both in Europe and in the United States. During recent weeks, we have been operating at 50% of our capacity."
The slowing demand has led to a reduction in prices paid, explains Salas. "The prices that were on the rise during the last few months have had a pause and slight contraction in the last two weeks. Currently, it seems to have reached an equilibrium, average prices of 4.5 soles/kg at origin are managed, having had peaks of up to 6 soles/kg a few weeks ago."
He foresees higher prices later in the season as ginger stock and availability decreases. Jalhuca Amazonía also export turmeric. "We expect a difficult campaign in terms of high prices for the remainder of the season, because stocks in fields have been decreasing week by week. It is almost a fact that most exporters will have supply problems at the end of the season. We have already discussed these issues with our customers whom we will serve regularly until December and very limited for the months of January to March, where we hope to close the campaign to prepare for the new 2025/2026 season," concludes Salas.
For more information:
Marco Antonio Salas Cueva
Jalhuca Amazonía S.A.C.
Tel: +51 949 620 606
Email: [email protected]