Jan 10th, 2020
A short crop, demand growth for fresh ginger market and speculation have firming ginger oil prices and the trend will continue in the following months
Jan 1st, 2019
Reports indicate that since the heavy rains in the growing areas kept crop size down there has not been the normal amount of dried roots available. Additionally factories are still trying to comply with China’s environmental policies. Demand has been relatively low, so pricing has been stable. However, any new demand could cause prices to rise.
Dec 1st, 2018
Prices continue to firm as supply cannot cover demand. Reports advise this trend will continue through Chinese New Year.
Nov 1st, 2018
With two major Typhoons flooding a large portion of a major growing region prices have begun to firm. Reports indicate harvest will be down dramatically
Jul 1st, 2018
Prices have softened slightly as there are roots in the market. It would also appear that several more processors have finished their conversion to natural gas from coal and are in need of cash, so selling oil at/or near cost.
Oct 1st, 2017
Reports still confirm production is limited due to the strict environmental regulations being enforced, especially on many of the smaller producers. Prices have firmed.
Sep 1st, 2017
When the government forced processors to switch to gas fired burners from coal, production reportedly switched to a different province. This caused prices to soften, albeit for a very short time. It did not take long before the government forced the change to take effect in that province also. With lack of dried roots available prices are firm.
Jul 5th, 2017
Reports continue to state that while the crop is fine, production is still limited as many factories have not yet changed their boilers to gas in line with pollution controls.
Jun 2nd, 2017
We are seeing fewer offers and prices are firm.
May 1st, 2017
Pricing dipped slightly last month due to several small processors being granted permission to distill without completing boiler conversions to natural gas. They have now ceased production and we are seeing prices begin to rise again.
Mar 1st, 2017
Reports continue to advise that there is a lack of dried roots available for distillation. Pricing has increased and should remain firm for the foreseeable future.
Feb 1st, 2017
With production still limited, prices continue to firm. As long as demand for fresh remains strong relief is not expected soon.
Jan 3rd, 2017
Despite the beginning of the harvest, prices for oil continue to firm. Demand for Fresh is strong and the spice markets are reporting that India’s crop will be smaller than normal. With pollution issues still being resolved, we do not see any relief soon.
Dec 1st, 2016
The situation with Ginger remains the same. The conversion of boilers is still ongoing and going slowly. Stocks of oil are limited and less was produced in early November than was hoped for. Prices are firming.
Nov 1st, 2016
Reports still advise that there is a shortage of dried roots and that the conversion of boilers to meet environmental standards is progressing slowly. With the crop time November through March, prices are anticipated to climb even higher after Chinese New Year, when demand for Oil usually surges.
Oct 4th, 2016
Prices continue to rise as less and less roots are being processed due to pollution controls. Factories are unable to produce until their boilers are converted. Viewed in light of the reported lack of dried roots, several dealers are reporting that there will be no new oil in the market until after February of 2017.
Sep 7th, 2016
Prices are expected to be firm until the new crop in December and January. The Spice Market is still reporting strong demand for fresh Ginger.
Aug 3rd, 2016
While we are aware of new pollution restrictions, dealers have advised that demand for Fresh Ginger for seasonings has dramatically increased, limiting what is available for the production of oil. One dealer advises that Dried Ginger will not be available for oil production until around December.
Jul 1st, 2016
Several dealers have advised that the Chinese government has imposed new pollution controls on the production of Ginger Oil. Processors have changed their fuel from coal/biomass to gas. As the spent Ginger cannot be used as animal feed, a means of disposal needs to be found. These factors have contributed to the continuing rise in prices.
Jun 1st, 2016
Prices are soft and inventory appears to be sufficient to cover demand. *** Update - New developments are changing the market dynamic. More info to follow in next post.
May 1st, 2016
An ease in demand for fresh has contributed to soft prices for Oil. Supply currently seems adequate.
Apr 1st, 2016
A recent spice market report indicates that Nigeria’s crop was below normal and is mostly sold out. This has increased demand for dried out of China and India. It appears that pricing for Chinese Oil has bottomed.
Mar 1st, 2016
Offers from before the Lunar New Year have remained at the same levels.
Feb 1st, 2016
Prices for both fresh and dried roots used to make Oil have softened. We expect the market to become stable between 5-10% below the levels of 60 days ago.
Dec 30th, 2015
The spice industry reports that the upcoming Chinese Ginger harvest in December and January will be quite large. Cited is the pressure to sell stocks of fresh. Since demand for fresh in China consumes the largest percentage of total production, this would support that belief. Prices are expected to soften.