Ginger Exports Unexpectedly Rise, International Prices Soar

Although most agricultural exports have been hampered by the COVID-19 outbreak, ginger exports have unexpectedly improved. According to customs statistics, ginger exports in January and February reached a total value of $93.29 million, 14.4% higher than the same period last year. In China, ginger prices rose in February and March, stabilized, and are now beginning to fall.After the COVID-19 outbreak spread globally in March, ginger prices around the world soared. Prices in Australia rose to AU$85 per kilogram (367 Chinese yuan, $52), overtaking the price of shrimp. In Indonesia, ginger prices tripled in three days. Meanwhile, ginger prices in Kazakhstan skyrocketed from 1,500 Kazakh tenge (24.3 yuan, $3.4) to 7,000 tenge (113.5 yuan, $14.8) per kilogram. In regions of Russia such as Samara, Volgograd, Saratov and the Republic of Bashkortostan, ginger prices jumped to 4,000 Russi ………………………………