Ginger exports record sharp increase on rising global demand

The first nine months of the year saw Vietnam earn US$26 million from ginger exports, three times the figure recorded in the same period last year, the Vietnam Fruit and Vegetables Association has reported.

Accordingly, Vietnamese ginger is hugely popular among consumers in many nations worldwide, including Australia, India, Pakistan, and European countries.

Currently, Vietnamese frozen ginger is not only sold in supermarkets and shops in Australia but can also be purchased online.

The price of Vietnamese frozen ginger in Australia stands between AUD9 and AUD13 per kg. Indeed, the product is typically packaged in half-kilogram or one-kilogram packages and is mainly for restaurants.

Local ginger exporters said that in the remaining months of the year, orders of the products from key markets such as the United States, India, the UAE, and Pakistan have increased significantly, prompting the price of the products to hit a record high.

Local gardeners are selling ginger at a price of between US$0.82 and US$1.07 per kg depending on the type.

Meanwhile, the price of ginger that meets export standards is up to US$1.23 per kg.

According to Vietnamese trade offices in Australia and India, the potential for Vietnam’s ginger exports to these markets remains very huge.

Moreover, its fragrant and delicious flavors, coupled with the price of the product locally, make it competitive compared to other countries.

Source: VOV