Ginger market is changed year by year. And how is Vietnam ginger root price develop in 2020 which is question of most of buyers and sellers
Early 2020 Vietnam ginger root price is up significantly from USD 1000/MT to USD 1500/MT because the high demand of market for Indonesia market then local market. Vietnam is out of ginger crop on 03/2020 so the short of material for local Then It is push price also rise too.
On 08/2020 price of Vietnam ginger root is down day by day because new crop of Vietnam young ginger is coming. It will be mainly crop of Vietnam ginger on October. So price is drop to bottom plus with Thai ginger crop is the harvest same time. However ginger price can not cheaper under USD 950/MT because of big demand from Indonesia , Bangladesh, Pakistan and Saudia Arabia…
In addition, the overall production volume of fresh ginger is not that large this year. Some of the production areas suffered from natural disasters and their production volume declined. This stimulates the price of top-quality ginger in particular. The price of fresh ginger is not likely to show a significant downward trend this year. On the contrary, the price is likely to rise even further in the short term.
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