[2024-02-01] Snowfall and cooling affect the stability of ginger prices, with some rising
On February 1, 2024, the volume of goods on various markets in the ginger producing area continued to decrease, leading to supply shortages in some markets. Farmers raised prices and were reluctant to sell, while buyers accepted the price and took the goods. The transaction price showed a significant increase, ranging from 1 to 20 cents. There is not much supply in the Anqiu Heibu sub market, but the demand for procurement has decreased, sales are not strong, and prices are temporarily stable.
There are about 260 vehicles on the market in Kunfu, Changyi. The weather is relatively cold, and the demand is uncertain near the end of the year. Farmers are not afraid to take more ginger, resulting in a decrease in market supply. However, the terminal wholesale market intends to end stocking ahead of schedule, and the demand has not decreased. Purchasing at higher prices has led to faster transactions of ginger, with prices rising by 1-2 cents. The market has risen strongly and goods are being sold quickly.
Anqiu Heibuzi Market did not load goods in the morning, and there was no decrease in goods loaded in the afternoon compared to yesterday. However, there were fewer merchants coming to the market to pick up goods, resulting in a sharp decrease in demand and slower transactions. There was also a phenomenon of picking and price pressure, and mainstream prices remained stable, resulting in slow ordering; As the Spring Festival approaches, many end markets have already completed stocking in advance and will shift to ordering and procurement in the later stage, with demand gradually decreasing.
About 60 trucks of ginger were sold at the market in Lvcun, Laizhou. Affected by the cooling down, farmers reduced their sales, and buyers made orderly purchases. Transactions were normal, and prices and market conditions remained stable.
Due to the impact of snowfall in the Laiwu production area, the trading of ginger has been basically suspended, and sporadic purchases and sales have been carried out privately.
The price of ginger in the Pingdu production area has risen, leading to active demand from merchants in the market. Although farmers sell their goods along with them, the supply is still insufficient. Farmers are reluctant to sell and raise prices, and buyers are willing to purchase at their own prices. The market is running strong and the goods are moving quickly.
The price of ginger in the Qingzhou production area has remained stable with some increases, and farmers are selling their goods in an orderly manner, resulting in a phenomenon of price support. In order to avoid shipping in rain and snow, customers in the market intend to end stocking up early, with a large amount of goods taken and fast transactions, resulting in a strong market trend.
Due to the impact of snowfall in the Yishui production area, most transactions have been suspended.