Considerable shortages and high prices currently characterize the European ginger market. That is according to Sophie Ye of KX Food in Belgium. "Lower yields mean imports from China are at only half those of previous years. That results in high prices; import costs alone [from China] are around €3 per kilogram," she says.
"The Peruvian season is lasting longer than usual. These import costs remained relatively low until early 2023. But availability is decreasing, and quality challenges are increasing, so those costs are also rising rapidly. And selling prices follow."
Ginger from Peru.
Last but not least: there is almost no more Brazilian ginger on the market. "There are still occasional arrivals. We, for instance, will keep getting a few pallets a week over the next few weeks," Sophie concludes.
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