Navigation Links
Ginger Prices Could Skyrocket on H1N1 Fears
Date:12/3/2009

BEIJING, Dec. 3 /PRNewswire-Asia/ -- Long believed to provide a variety of health benefits, ginger, one of the most important ingredients in global cuisine, has seen increased demand in China during this flu season.

The timing of this ginger demand increase coincides with supply shortages, effecting upward price pressures in a way that has speculators wondering about a potential repeat of the current demand hysteria over garlic. Garlic, also believed to have flu-fighting properties, has seen wholesale prices increase by as much as 1500% since March.

By comparison, retail ginger prices have increased just 85% in China in under a year. But a similar price spike may be seen in ginger as Chinese consumers and speculators begin to hoard the spice, commonly used in traditional Chinese medicine to treat colds and other ailments. The health benefits of honey and ginger in treating respiratory problems is well known.

Falling ginger prices over the last 3 years have contributed to current supply shortages, with many farmers switching to more profitable crops. With fundamentals firmly pointing to a sustained price increase, ginger producers and consumers are looking at a potential price surge. Eddie Cheung, CEO of Man Shing Agricultural (MSAH.OB), one of the largest ginger producers in China, is well-positioned with one of the largest stockpiles of ginger in the world. "We have been positioning for an upswing in the price of ginger for some time, based on the low levels of planting over the last two years and the long-term market trend. The health benefits of ginger and the current concerns over swine-flu were not considered in our plan, but they will very likely contribute to further the expected price increases."

Garlic has seen a similar pattern of shortage and price increases, but prices for garlic have risen astronomically. David Anderson, a director with consulting and research firm GMC Group China, follows the agricultural market in China closely. "It's quite incredible, with parallels to "tulip mania" from the 1630's in the Netherlands. We've seen large numbers of speculators shifting money from mainstream assets, piling it into garlic in the hope of turning a quick profit."

Ginger, along with garlic, is one of the most important ingredients in the cuisines of India, China, Thailand and Japan.

Email: info@globalmarketschina.com

SOURCE Global Markets China Research


'/>"/>
SOURCE Global Markets China Research
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. St. Jude Patients and Expert Chefs Join Forces To Create Gingerbread House
2. Ginger Eases Nausea From Chemo
3. Ginger Zee, Recipient of Community Service Award
4. Oh Mama! Heads Back to the Lab to Create the First Ever Ginger-Ale for Moms-To-Be
5. Advertising to Consumers May Raise Drug Prices
6. HealthSouth Prices Offering of Its 8.125% Senior Notes Due 2020
7. Addus HomeCare Corporation Prices Initial Public Offering
8. Major Rollback of Pharmaceutical Bench Mark Prices Approved by Federal Court of Appeals, Hagens Berman Announces
9. Roper Industries Prices Public Offering of $500 Million Senior Unsecured Notes due 2019
10. Watson Prices $850 Million of Senior Unsecured Notes
11. Emdeon Inc. Prices Initial Public Offering of Class A Common Stock at $15.50 Per Share
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... Killeen, Texas (PRWEB) , ... May 27, 2016 , ... ... with satisfying Army body fat composition regulations. This is the first time that ... are normally screened at least every six months to ensure they meet the prescribed ...
(Date:5/27/2016)... , ... May 27, 2016 , ... ... scholarships to students studying complementary medicine. Allison Outerbridge is this year’s Life ... award on May 18 at the university’s Student Leadership Awards ceremony. , Outerbridge ...
(Date:5/26/2016)... ... May 26, 2016 , ... There are many ways to cook ... Council (NHDSC) suggests that Americans prefer their dogs straight off the grill. Of the ... is their favorite way to cook a hot dog, far outpacing other cooking methods ...
(Date:5/26/2016)... Missouri (PRWEB) , ... May 26, 2016 , ... ... quality and clinical outcomes, hosted members and suppliers for its inaugural Member Conference ... focus on their mission of elevating the operational health of America’s healthcare providers. ...
(Date:5/26/2016)... Washington, D.C. (PRWEB) , ... May 26, 2016 , ... ... the men and women who lost their lives in military battle for the country. ... discount cards in 2015 to provide more programs that empower independence for disabled military ...
Breaking Medicine News(10 mins):
(Date:5/27/2016)... 27, 2016 Amarantus BioScience Holdings, Inc. ... products for Regenerative Medicine, Neurology and Orphan Diseases, today announced that ... at two upcoming investor conferences: SeeThru Equity MicroCap ... New York City , NY When: ... Marcum MicroCap Conference   Where: Grand Hyatt Hotel, 109 ...
(Date:5/26/2016)... TARE (Transarterial Radio-embolization) Using ... and Overall Decreased Use of Hospital Resource ... specialist healthcare company, has today announced the publication ... of ISPOR (International Society for Pharmacoeconomics and Outcomes ... using yttrium-90 glass microspheres is associated with cost ...
(Date:5/25/2016)... -- According to a new market research ... by Therapeutic Area (Oncology, Cosmeceutical/Plastic Surgery), by Application (Drug ... Hospitals/ Clinics) - Forecast to 2021", published by MarketsandMarkets, ... the forecast period of 2016 to 2021. This market ... from USD 117.3 Million in 2016, at a CAGR ...
Breaking Medicine Technology: