Ginger market stabilizes after high peak and sharp drop

"The ginger market is emerging from an exciting period," says Dennis Koemans of Davis Europe. This c…

"The ginger market is emerging from an exciting period," says Dennis Koemans of Davis Europe. This company is based in Barendrecht, the Netherlands. "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. In this way, the market went from a low to a peak."

"Since then, the market has stabilized. Prices for Chinese ginger are now at around EUR24 again," says Dennis. "Many importers cut their own throats in the past year. Fortunately, we had ginger at our disposal during the shortages. So, we were able to benefit from that."

"As summer approaches, ginger sales usually drop. I expect stable prices in the coming weeks. Luckily, the ginger's quality is good. I also expect we will be able to offer good quality throughout the entire season. We will have to wait and see what the September harvest will look like. 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," says this importer.

Davis Europe supplies Chinese ginger to wholesalers and supermarket suppliers across Europe. "Over the last year, ginger's popularity has increased dramatically. However, Dutch people are always cautious when it comes to products from far-off destinations. But there is so much more you can do with ginger. You can, for example, use it in drinks and dishes," Dennis concludes.