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Ginger: record exports in Peru

May 29, 2024 at 4:04 PM , Der AUDITOR
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LIMA. Peru's ginger exports surged to record highs in 2023 and the potential is very good for 2024. Crop losses are, however, driving up prices.

Bacterial rot causes extensive damage

As supplies from Peru are expected to range around 20% lower in July to December 2024 prices will certainly rise as sourcing manager Antonio Méndez explains in a report issued by FreshPlaza. Trouble are unfavourable climatic conditions as the weather phenomenon El Niño prompted temperatures to rise and caused heavy rains, which provided ideal contitions for the bacterium Ralstonia solanacearum to spread in the plantations giving rise to bacterial rot. As many customers pay higher prices for Peruvian ginger, which is of better qualtiy than Chinese or Indian ginger, the disease presents quite a challenge for local exporters. Some countries have already issued warnings.

Surge in exports

Exports are, howver, doing quite well this year so far. As the news agency Agraria reports Peru exported 8,453 mt of ginger worth USD 22.6 million in the first quarter of 2024. This is clearly up on the same period last year and driven by the fact that demand is on the rise. The main export destinations are the USA, the Netherlands and Canada along with Germany. These destinations combined account for 92% of Peru's exports.

Peru also witnessed a record export year in 2023 as a total of 73,196 mt of ginger worth USD 119.1 million were shipped overseas. This is a sharp 26% rise on 2022 in terms of volume and a 24% rise in terms of value. Peru offers ideal growing conditions for ginger, that is as long as El Niño does not disrupt planing. Ginger is mainly grown in the region of Junín, particularly in the districts of Pichanaqui, Satipo and San Martín de Pangoa as well as in Mazamari, which together account for 90% of the country's production. Around 60% of the volumes exported are organic ginger.

 

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