Ginger: drastic price drop in India
February 12, 2025 at 4:55 PM ,
Der AUDITOR
Hardly any local produce in South Africa
In South Africa, ginger stocks are currently low, as the experts at FreshPlaza report. According to reports, this is mainly due to shipping disruptions. The South African ginger season begins in mid-April and can extend into November, with some farmers even delivering as late as December. The arrival of the new crop should not be long now, but the local crop is heavily affected by disease this year, as one market player told FreshPlaza. As a result, only ginger imported from China and Thailand is currently available on the markets. However, the delayed shipping is also causing a shortage of goods here.
Prices for ginger in South African markets have ranged between EUR 3.80/kg and EUR 4.80/kg in recent weeks, which is considered a reasonable price for this time of year, especially given the short supply. In supermarkets, prices are significantly higher and range from the equivalent of EUR 10.20-16.20/kg for conventional and organic quality ginger. It is unclear when local ginger will be available again – some farmers have had to destroy their entire crop due to the fungal disease, which means considerable losses in overall production.
Prices in India fall massively
There is growing discontent among farmers in India and there have already been various protests because prices have fallen drastically year-on-year; while last year prices were as high as USD 1.44/kg, they are now only USD 0.12/kg. According to The Hindu, the reason for this massive drop in prices is still unclear, but the declines have been continuing for several months. Growers are now trying to put pressure on the government, which has proposed a support price of USD 84 per 100 kg. Farmers prefer not to sell to middlemen and criticise the inconsistent government policy. The Federation of State Farmers' Association now wants to develop a strategy to protect farmers from exploitation.
China becomes the most important supplier for the EU
EU ginger imports fell by 1.7% in nominal terms in 2024 compared to the previous year, while the import value rose by 5% from EUR 19.6 million to USD 20.5 million. The most important supplier is China, which increased its shipments to the EU by 51%, pushing Nigeria out of first place; the African country delivered 45.6% less ginger to the EU than in the previous year and is now in second place, closely followed by India, which increased its exports to the EU by 54.8%. The European Union imported a total of 7,317 mt of ginger in 2024, with the Netherlands, Germany and Belgium being the most important customers.
|
EU ginger imports, in mt |
|||
|
Supplier |
2023 |
2024 |
Diff. |
|
China |
2,139 |
3,228 |
50.9% |
|
Nigeria |
2,613 |
1,422 |
-45.6% |
|
India |
701 |
1,085 |
54.8% |
|
Vietnam |
531 |
454 |
-14.5% |
|
Côte d'Ivoire |
298 |
324 |
8.7% |
|
Others |
1,158 |
804 |
-30.6% |
|
Total |
7,440 |
7,317 |
-1.7% |
|
DG AGRI TAXUD Customs Surveillance System, 01/01-31/12 09101200 Ginger, crushed or ground |
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