[2024-02-02] Closing of stocking before Spring Festival, reduced trading volume of ginger
On February 2, 2024, the trading of ginger in the Dajiang production area began to come to a close, with farmers selling less ginger and supply continuing to shrink. Multiple markets in Changyi were trading hotly, with some trading prices rising by about 10 cents. Other production areas closed their purchases and sales, and the market remained stable.There are about 180 vehicles on the market in Kunfu, Changyi. Farmers continue to reduce their sales, and most of them place orders in advance. Some buyers who have not fully prepared their goods are actively purchasing, which has boosted the price of ginger by about 10 cents, resulting in strong sales and fast sales.
There is no stock available in the morning and not much in the afternoon at Anqiu Heibuzi Market, but there are fewer buyers (who have completed more stocking and returned home), resulting in slow trading and negotiated transactions. The mainstream market is currently stable, and the trading price has not been adjusted.
There are about 60 vehicles on the market of Lijiang in Lvcun, Laizhou. As the Spring Festival approaches, many farmers have stopped selling, resulting in a decrease in the supply of goods for sale. The terminal wholesale market has also completed stocking, resulting in a decrease in both supply and demand. The proportion of orders is relatively high, and the transaction is stable and fast. The transaction price is mainly stable, with slight fluctuations.
After the snowfall and cooling in the Laiwu production area, the sales of goods by farmers have decreased, and buyers in the end market are still more active in purchasing and selling goods. Sales are relatively fast, sales are still acceptable, and prices are stable but strong.
The market for ginger in the Pingdu production area is stable and slightly strong, with reduced sales by farmers and slightly tight supply. The demand for purchasing goods from buyers has not yet been fully released, and the enthusiasm for purchasing goods is high. Transactions are fast, and mainstream prices are temporarily stable.
The purchase and sales of ginger in the Qingzhou production area are active, and merchants in the wholesale market are still stocking up before the holiday. There is still a lot of demand, and many farmers are reducing their sales. The supply of unsold goods is tight, and the transaction volume has decreased, resulting in fast sales
The trading of ginger in the Yishui production area has resumed, but the supply is limited. Buyers are actively stocking and purchasing, and the price of ginger above average has increased by 1-2 cents. Purchasing and sales are active, and the market is stable and fast.
The trading of ginger in the Juxian production area is stable, medium to fast, and snowfall has affected the purchase of ginger. Farmers have reduced their sales, and there is still a high demand for procurement from buyers. The transaction price of ginger has increased by 20%, and the market is relatively active.