2024 Week 25 Market Review and Market Forecast
In the 25th week of 2024, the total supply of ginger producing areas is not much, but the demand is not strong, buyers are not active in taking goods, the transaction speed is slow, the price is generally lower by about 1 cent, and the market is running steadily and weakly. The total amount of small yellow ginger in the southern ginger producing areas should increase, the procurement demand failed to follow up in time, the price was stable and fell, the activity of supply and purchase and sales decreased, and the market was weak.
1. Review of the trading market of ginger producing areas
Changyi production area:
This week, the Changyi ginger market is weak and volatile operation, the price has been lowered by 1 cent, the number of trucks in each market this week has decreased by about 9% compared with last week (Kunfu on the goods in about 930 cars, Hongda in about 1780 cars), farmers are generally reluctant to sell at low prices, although the supply is not as good as last week, but the domestic wholesale market has also reduced the amount of goods, and the purchase is also more cautious, a small number of times to pick the right source, the transaction speed is always not fast; The reference price of high-quality washed ginger is 5.50-5.70 yuan/jin, and the reference price of mainstream washed ginger is 5.40-5.50 yuan/jin.
Figure 1 Price trend chart of ginger in Changyi in the 25th week of 2024 (made by Zhongjiang network)
Anqiu production area:
This week, the total number of goods in the Anqiu Heibu sub-market was about 225 cars, an increase of about 10% from last week (about 205 cars), and the transaction price continued to fall by about 1 cent. Farmers have resumed normal sales, hawkers can go to the countryside to organize the supply of goods normally, the market has always been a lot of goods, mainly in the domestic wholesale market to take goods on demand, the demand is not strong, the enthusiasm for procurement is not high, most of the time, the goods are stable and slow; The mainstream trading price is 3.70-4.00 yuan/jin; The reference price of new mud ginger in Heibu sub-market is 3.20-4.30 yuan/catty.
Recently, cold storage has continued to ship, most of the transaction prices are between 3.20-3.60 yuan / catty, part of it is used for export processing, part of it is sold in China, the total amount of transactions is not much, but most of the shippers are making profits to ship, and the cold storage ginger market is slightly sluggish.
Figure 2 Anqiu ginger price trend chart in the 25th week of 2024 (made by China Ginger Network)
Other ginger producing areas:
The price of ginger in Qingzhou production area fell by 1-2 cents, mainly to the buyers in the hair market to pick and take the goods, the demand of the processing plant is not much, and the buyers have a greater price reduction force, but the farmers have limited price concessions, the transaction is not fast, the transaction volume is average, and the market is weak and volatile; The reference price of high-quality washed ginger is about 4.70 yuan/jin, and the reference price of high-quality mud is about 4.00 yuan/jin.
The price of ginger in Laizhou production area has fallen by about 1 cent, farmers are more resistant to the price, the supply pressure this week is not large, buyers are mostly on demand to take the goods, the transaction speed is not fast, the goods are general; The price of mud ginger outside the market is less traded, and the price is also weak, the trading price of mud ginger is 4.00-4.80 yuan/jin, and the reference price of high-quality washed ginger is 5.50-5.70 yuan/jin.
The price of ginger in Pingdu production area fell by about 1 cent, mainly due to the impact of the price drop in Changyi and Anqiu; Farmers don't sell much, the supply pressure is small, buyers just need to get the goods, the turnover is not much, the transaction is slightly light, and the external goods are not fast; The reference price of high-quality mud ginger is 4.20-4.30 yuan/jin; The reference price of high-quality washed ginger is 5.00-5.10 yuan/catty.
The price of ginger in Laiwu production area is stable, the supply is small, and the demand is not much, mainly because the market merchants and export processing plants take the goods on demand, the transaction volume is small, the goods are slow, and the market has no obvious adjustment; The reference price of high-quality new ginger is 4.80-5.00 yuan/jin, and the reference price of general new ginger is 4.40-4.60 yuan/jin.
2. Review of the trading market of small yellow ginger production area
This week, the supply of ginger in the inventory of small ginger producing areas in the south (mainly ginger in cold storage) increased, the willingness of stockists and farmers to sell goods increased, the supply pressure increased, the domestic market demand did not increase, buyers received more at a lower price, the transaction price was lower, the purchase and sale became slower, and the market continued to be weak.
The price of two yellow ginger in Zhenning production area of Guizhou fell by about 2 cents, affected by the low-price ginger in Yunnan, the local ginger transaction was blocked, and some shippers sold at a lower price, resulting in chaotic transaction prices, a decline in the market, and a slight increase in the volume of goods compared with last week; The reference price of local high-quality Xinjiao ginger is 3.70-4.00 yuan/catty.
The purchase and sale of small yellow ginger in Rucheng production area of Hunan Province is normal, farmers are not in a hurry to sell goods, there is no supply pressure, and merchants in the terminal market select suitable sources of goods for procurement, and the transaction is accompanied, and there is no obvious change in price and market; At present, the trading price of local mainstream new ginger is 3.00-4.00 yuan/catty.
The price of small yellow ginger in Fuyang production area of Anhui Province is stable, farmers sell it with them, and wholesalers in Sichuan and Hunan purchase it, with a balance between supply and demand, average trading volume, and no change in the market; The price of ginger fell by 1-2 cents, the buyer took less goods, and the phenomenon of picking and lowering the price was more serious. The price of local high-quality small ginger mud ginger is 3.10-3.30 yuan/jin, and the price of mainstream large ginger mud ginger is 3.00-3.30 yuan/jin.
3. Review of the wholesale market
This week, the price of ginger in the sales area has not changed much, and the rainfall and high temperature affect the digestion, and the ginger is not fast. In terms of the market of large ginger sales areas, many sales areas were shrouded in rainy and high temperature weather, and the digestion of the terminal market slowed down. In terms of the market in the sales area of small yellow ginger, the price of some markets has fallen slightly, due to the floods in many southern provinces, resulting in the sales of small yellow ginger being blocked, and the overall order is stable and slow.
This week's market analysis and outlook
Ginger:
This week, the demand for ginger is still not new, the domestic wholesale market procurement demand is still the main factor affecting the market and price fluctuations, under the influence of high temperature and waterlogging disasters, the domestic market for ginger consumption is shrinking, and the processing plant has not increased the amount of goods, the overall demand and procurement enthusiasm is not as good as last week, resulting in the production area oversupply market continued, the transaction price also fell slightly, in most cases, the market is more sluggish.
Next week, the demand side of ginger (domestic wholesale market and processing plants) is not expected to have a new growth point, and the price and market of ginger next week will fluctuate and adjust with the volume of goods in the production area; There are more goods in the producing area, the price of ginger has fallen, and the price of ginger has risen and fluctuated in the range.
Turmeric:
Next week, the market of turmeric production areas is likely to continue to be weak, there is still a certain proportion of old ginger in the hands of stockists and farmers, and the intention to ship is still strong, and the price of turmeric in Yunnan and Guizhou producing areas may still be lower next week, and the trading volume will increase, but the trading activity may not change significantly. If the demand of the end market increases, the market may run strongly.