Ginger Market Stabilizes After High Peak And Sharp Drop
The ginger market is emerging from an exciting period, last month ginger prices skyrocketed to EUR34. However, in the months before, the whole of the Netherlands was standing full of ginger. This oversupply was due to the mild winter. A lot of the ginger even had to be thrown away because it was rotting.
Usually, ginger sales are at their highest during winter. Because of the last winter's high temperatures, sales lagged. This meant many players on the market stopped importing this product. Since then, the market has stabilized. Prices for Chinese ginger are now at around EUR24 again. Many importers cut their own throats in the past year.
As summer approaches, ginger sales usually drop. Soon, however, there will be more competition in the market. Thailand has started with exports. Brazilian ginger will also come onto the market before the start of summer.