Date
24 September 2017

Supply squeeze sends ginger prices to record highs, paper says

Floods last summer and a decline in the amount of land planted with the crop have propelled ginger prices to record highs in some parts of China, putting them almost on par with the price of pork, the Yangtse Evening Post reported. Ginger cultivation in key growing areas around Laiwu city in Shandong province has shrunk from about 6,700 hectares in 2011 to just 4,000 or so hectares last year, the report said. In Anqiu city, also in Shandong province, the amount of land under cultivation has dropped from 14,000 hectares to about 10,700 hectares in the same period. Ginger prices have stayed above 18 yuan (US$2.90) per kilogram in most fresh markets, and above 20 yuan at supermarkets, the report said.

– Contact HKEJ at [email protected]

EL/MY/SK

 

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