Ginger Prices – Historical Graph

Real-time chart of historical daily ginger prices. The prices are shown in ton.
The current price is and is last updated on .
  • The average price in the past 3 days is
  • The average price in the past 7 days is
  • The average price in the past 30 days is
  • The average price in the past 365 days is

Ginger Prices Explained

Ginger prices spike across different countries as supply continues to go low and from its top producing countries. For instance, in India ( the largest ginger producer ) wholesale ginger prices reach $3 per kilogram due to the low crop yield which the country’s domestic supply.

Additionally, Brazil’s output only lasted 2 weeks as the farmers planted less ginger due to high production costs. Thus, this relatively low supply from top producers will likely choke the global demand, ultimately its fluctuating prices.

Why are ginger prices fluctuating?

1. Competition from Cheaper Import

Due to the competitive environment created by cheaper imports, local ginger producers lower their ginger prices to remain in business. For instance, the comparatively small Australian ginger sector faces competition from lower-priced imports from countries like China, India, and Nigeria which together account for more than 80% of the world’s ginger production.

2. Seasonality

Generally, ginger is a seasonal crop and it’s harvested once a year, usually in November or January. Thus, the season and the current weather have an impact on the quality and price of ginger. Prices are lower during the peak season when supply is abundant, and higher during the off-season when there is a decrease in supply.

3. Global Demand

Ginger is a spice and medicinal ingredient, especially in Asian cooking and traditional medicines. Thus, contributing to the demand for ginger due to growing consumer preference and interest in its health benefits. Additionally, the COVID-19 pandemic is one of the major reasons for increased demand due to people’s preference for natural anti-inflammatory and immune-boosting products, ultimately affecting ginger prices.

4. Transportation Costs

This factor is another price mover of gingers. These expenses come from various factors, including the distance, mode of transportation, convenient access, cost of gasoline, and condition of the roads. For instance, ginger growers in Queensland, Australia compete with imported ginger from Fiji, where prices are more competitive due to cheaper transit expenses.

Which variables impact the price of ginger?

  • Competition from Cheaper Imports
  • Seasonality
  • Global Demand
  • Production Costs
  • Trade
  • Transportation Costs

Where does ginger come from?

Ginger is a tropical plant that grows underground. Its striated, hard texture and sweet-spicy scent add a unique flavor to many recipes with fruits and vegetables. Additionally, it comes in various types with different colors, uses, and characteristics, enhancing its versatility in cooking. Here are some of the common types of ginger

1. Common Ginger – Widely consumed ginger known for its spicy and aromatic flavor.

2. Galangal Ginger – Southeast Asian ginger with a distinct, sharper flavor, used in dishes like curries.

3. Cardamom Ginger – Indian-origin ginger with a smoky flavor, used in various cuisines.

4. Fingerroot Ginger – Known for its intense flavor, commonly used in Thai cuisine.

5. Myoga Ginger – Japanese-origin ginger with a delicate flavor, often used as a garnish.

6. Hawaiian Yellow Ginger – This variety is known for its bright color and mild flavor.

7. Jamaican Ginger – Caribbean ginger with a spicy flavor, commonly used in beverages.

8. Red Ginger – Known for its anthocyanin content and spicy flavor.

9. White Ginger – This delicate-flavored ginger is used in various culinary dishes.

10. Black Ginger – Recognized for its unique coloring, used as a dye and in cuisine.

11. Pink Ginger – Known for its culinary and medicinal properties.

12. Wild Ginger – A less common kind that is known for its unique flavor character and is typically collected from the wild.

What are the uses of ginger?

Ginger contains gingerol, a compound renowned for its anti-inflammatory and antioxidant properties. Also, it assists in weight loss by enhancing metabolism, promoting fat burning, and offering protection against inflammation and cellular damage.

Generally, ginger is a multipurpose spice that is consumed in many different ways, such as fresh, dried, powdered, or as an oil or juice. Here are some industrial applications of ginger:

1. Food Industry – Ginger serves as a condiment and flavor enhancer in many culinary applications like salad dressings, tomato ketchup, sauces, pickles, curry dishes, and beverages. In addition to improving food products’ flavor, color, and scent, it serves as a natural preservative to stop microbial spoilage.

2. Pharmaceutical Industry – It is used as a natural remedy for a range of ailments, such as nausea, motion sickness, colds, coughs, inflammation, arthritis, and diabetes. Moreover, its composition has anti-inflammatory, antioxidant, antibacterial, antiviral, and antifungal properties. Furthermore, it improves the immune system, digestion, and blood circulation.

3. Cosmetic Industry – Additionally, it’s applied in the treatment of diverse skin disorders like acne, eczema, and psoriasis. On top of that, it lessens hair loss, stops dandruff, and encourages hair growth.

4. Essential Oil Industry – Also, it’s used to make ginger oil for massage, perfumery, and aromatherapy due to its warm, spicy, and woody scent. Furthermore, it reduces stress, relieves pain, and eases anxiety and depression.

What is the future price of ginger?

One of the main factors propelling the market’s expansion is ginger’s numerous applications in different sectors.

Generally, it is a common dietary ingredient in the food and beverage sector like curry mixes. Additionally, the personal care and cosmetics sector takes advantage of the antioxidant capabilities of ginger in skin care products, which helps in the expansion of the global market. Moreover, the development of anti-inflammatory and herbal supplements adds potential market for this commodity.

Therefore, the ginger price will be $1.57 per kilogram in 2028, exhibiting a CAGR of 7.94%.

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