The world ginger market is said to be split into two categories, Chinese ginger and non-Chinese ginger. Peru leads the pack in organic and certified ginger production quality, leading to higher pricing in most markets. However, the country is finishing the harvest season about two months earlier than in previous seasons. China on the other hand continues to grow and export the cheapest ginger with, many are saying, varying quality, to capture market share. A Peruvian producer and exporter notes that China has a FOB price of $22 per box of 10 kg while Peru’s price is $50 per box of 13.6 net kg for their organic/ecological product, certified with seals of socio-environmental responsibility. Other production countries include Brazil, Costa Rica and Honduras.
The attacks in the Red Sea sea have caused detours and delays of up to 10 days for shipments from China (sometimes taking longer than a month to arrive, according to German and Italian traders). Shipping costs increased substantially due to this, but have started to decline. Many factories in China suffered losses due to the very high shipping costs.
