Navigation Links
Ginger Prices Could Skyrocket on H1N1 Fears

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.


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:
(Date:12/1/2015)... Wilmington, Delaware (PRWEB) , ... December 01, 2015 ... ... award winner at the 7th Annual 2015 Golden Bridge Business Awards under the ... is a zero capex web based sample management software that ...
(Date:12/1/2015)... (PRWEB) , ... December 01, 2015 , ... ... quantification and optimization of adjunctive imaging is the focus of numerous abstracts accepted ... meeting, November 29-December 4, 2015. Nine abstracts highlight the use of Volpara ...
(Date:12/1/2015)... ... December 01, 2015 , ... ... Excellence (BHCOE) today announced that the organization has awarded Education and Developmental Therapies ... a Distinguished Award. The award celebrates exceptional special needs providers that excel in ...
(Date:12/1/2015)... ... 2015 , ... TCS Healthcare Technologies (TCS), a leading provider ... is pleased to announce that VIP Care Services, a Caprock Health Group affiliate ... Complete Care™ Management to back their collaborative catastrophic case management initiatives. ACUITY Complete ...
(Date:12/1/2015)... ... ... With FCPX Overlay: Grit , users can apply a grit effect ... truly endless, all with a click of a mouse. Each user has full control ... of field and more, all within Final Cut Pro X. , With FCPX Overlay: ...
Breaking Medicine News(10 mins):
(Date:12/1/2015)... , 1 de diciembre de 2015 /PRNewswire/ ... para cuchillas de precisión, develó hoy un ... identidad de marca. El nuevo logo destaca ... y la ingeniería de productos con cuchillas ... ...
(Date:12/1/2015)... , Dec. 1, 2015 During ... in San Francisco, CA , ... to the coronary marketplace. During a satellite symposium, ... Stent Design to Minimize Restenosis", a renowned physician ... available Medinol NIRxcell™ CoCr Coronary Stent System and ...
(Date:12/1/2015)... 2015 Relmada Therapeutics, Inc. (OTCQB: RLMD), a clinical-stage ... announced today that the company will present at the LD ... at the Luxe Sunset Boulevard Hotel in Los ... Relmada Therapeutics, will present on Thursday, December 3, at 9:00 ... . Please register at least 10 minutes prior to the ...
Breaking Medicine Technology: