2024 Week 12 Market Review and Market Forecast
In the 12th week of 2024 (2024.3.17-2024.3.23), the supply of ginger producing areas is insufficient, the demand has increased significantly, the market sentiment is high, the transaction is hot, the price has risen significantly, the goods are on the fast side, and the market is running strongly. The supply of farmers in the southern ginger producing areas has decreased, the terminal market demand has increased slightly, the transaction price has increased slightly, the trading activity has increased, and the market has been stable and improving.
1. Review of the trading market of ginger producing areas
Changyi production area:
This week, the price of Changyi ginger rose by 2-4 cents, the number of trucks in the market decreased slightly compared with last week (Kunfu on the goods in about 950, Hongda in about 1670 cars), the weekend market merchants increased their purchasing demand, the willingness to take the goods increased, there was a rush to buy goods, the goods were fast, the market rose strongly; the market outside the mud ginger trading hot, a large number of high price storage dealers, mud ginger in short supply, the price is rising, the price of mud ginger trading price 2.80-3.20 yuan / catty; high-quality ginger reference price 4.00-4.10 yuan / catty, the reference price of mainstream washed ginger is 3.80-3.90 yuan/catty.
Figure 1 Ginger price trend chart of Changyi in the 12th week of 2024 (made by Zhongjiang network)
Anqiu production area:
This week, the amount of ginger in Anqiu Heibu sub-market is not much, and wholesalers in the domestic market began to concentrate on procurement on Thursday, and the situation of short supply has not been alleviated, and the transaction price is fast, and the transaction price rises from 1-2 cents, and the mainstream transaction price is 2.70-3.00 yuan / catty. The newly involved stockkeepers outside the market have a large amount of storage, and the price of high-priced goods has been boosted by about 2 cents, and the storage price is 2.80-3.30 yuan/jin, and the trading popularity is strong, and the purchase and sale are hot; the reference price of new mud ginger in the Heibu sub-market is 2.00-3.25 yuan/jin.
Figure 2 Anqiu ginger price trend chart in the 12th week of 2024 (made by Chinese ginger network)
Other ginger producing areas:
Qingzhou production area this week ginger prices rose 3-5 cents, stockpilers, processing plants and market merchants began to concentrate on the purchase of the weekend, coupled with the rise in ginger prices in other producing areas, the local market is also strong operation, the trading volume is large, the purchase and sale is relatively active, the goods are fast; the reference price of high-quality washed ginger is 3.20-3.30 yuan/jin, and the reference price of general ginger is 3.00-3.20 yuan/jin.
Laizhou production area this week washed ginger market in the weekend ushered in a sharp rise, the general rise of 4-6 cents, ginger farmers do not sell at a low price, terminal wholesale market buyers follow up, the transaction volume increased compared with last week, the goods are very fast, the market rally continues. The phenomenon of mud ginger outside the market is widespread, rising in the range of 2-4 cents, the transaction is hot, and the goods are sold quickly; the price of mud ginger is 3.00-3.40 yuan/jin; the reference price of high-quality washed ginger is 4.00-4.10 yuan/jin.
Pingdu production area this week in the storage and processing plants to take a large number of goods, the price of ginger prices ranged from 2-3 cents, although farmers are busy planting ginger, but the amount of goods has also increased, the purchase and sales are booming, the transaction is fast; the reference price of high-quality mud ginger is 2.70-2.90 yuan/jin; the reference price of high-quality washed ginger is 3.40-3.60 yuan/jin.
Laiwu production area this week ginger price rose 2 cents, the local farming continued, the supply in general, in the weekend Anqiu merchants came to purchase washed ginger, raised the price of a large number of purchases, pulled up the local price and market, the overall transaction is faster; high-quality ginger reference price is about 3.20 yuan / jin, the general reference price of new ginger is about 3.00 yuan / jin.
2. Review of the trading market of small yellow ginger production area
This week, the market of small ginger producing areas in the south has risen steadily, affected by the busy farming, the supply of small ginger in some producing areas has decreased, while the purchase volume of the market in the sales area has increased steadily, the transaction price has risen, the transaction speed has accelerated, and the transaction volume has decreased slightly.
The trading of small yellow ginger in Rucheng production area of Hunan Province has not improved, farmers do not sell at low prices (mainly to deal with problem ginger), buyers do not buy at high prices, the purchase and sale are slightly deadlocked, the transaction is average, the price is stable, and the market has not changed; at present, the local mainstream new ginger transaction price is about 3.00 yuan/catty.
Guizhou Zhenning production area of the two yellow ginger market stable to strong operation, affected by the busy farming, farmers sell less goods, the terminal wholesale market procurement demand increases, take the goods to actively boost the mainstream trading price slightly raised, fast delivery; ginger seed trading into the medium term, the purchase and sale is acceptable, the transaction volume is large; the local high-quality new cellar ginger transaction reference price of 3.40-3.60 yuan/catty.
At present, the price of local high-quality small ginger puree ginger is 2.70-2.80 yuan/jin, and the price of mainstream large ginger puree ginger is 2.20-2.30 yuan/jin.
3. Review of the wholesale market
This week, the market in the ginger sales area improved slightly, and the price adjusted slightly. In terms of the market in the ginger sales area, there are not many new arrivals, affected by the price increase in the production area, the end consumers have increased the number of goods, the transaction price has risen steadily, and the market is temporarily stable. In terms of the market in the sales area of small yellow ginger, the purchase and sales activity has not been significantly improved, the terminal market is purchased on demand, the transaction price has not changed much, and the market is mainly stable.
This week's market analysis and outlook
Ginger:
This week, the big ginger producing area is in full swing, the ginger farmers' shipping time and willingness to decrease, the supply shows a gradual decreasing trend, and the demand side, a new batch of stockists and export processing plants concentrate on a large number of storage of mud ginger, the purchase enthusiasm is high, the purchase price has also increased, so Anqiu, Laizhou, Qingzhou and other places have increased the phenomenon of grabbing goods, and the transaction price of mud ginger has also been adjusted;
Next week, the production area will continue to be busy planting ginger, the supply of ginger is still in a tight state, the purchase demand of terminal wholesalers may increase slightly, and the price and market of ginger will continue to be strong. Until stockists and processing plants reduce their pick-ups, the price of muddy ginger will not change, and on the contrary, the price of muddy ginger will stabilize or weaken.
Turmeric:
Next week, the small yellow ginger production area will continue to be busy, the supply may be short, coupled with the price of ginger has risen significantly, will also drive the market sentiment of small ginger, trading activity increased, it is expected that the small yellow ginger market will be strong.