Ginger Oleoresin Price Trend and Forecast

Ginger Oleoresin Regional Price Overview

Get the latest insights on price movement and trend analysis of Ginger Oleoresin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ginger Oleoresin Price Trend for the First Half of 2023

Ginger Oleoresin enjoys a permanent presence in South Asia, especially in the pharma, food, and flavour industries. The price trend of ginger oleoresin are dependent on that of its feedstock ginger rhizomes. The first half of 2023 witnessed volatile price trend for ginger in the Indian market. Prices soared to intense highs as the agricultural outputs plunged, given the reduced acreage and uneven rainfall amid severe weather conditions.
 

Ginger Oleoresin Price Chart

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The reduced crop yields affected the pricing fundamentals substantially. Ginger prices touched a 12-year high in the Indian market, crossing the 200 INR/kg mark in May and retailing at even 230-240 INR/kg. Hence, these inclined prices of ginger directly impacted the ginger oleoresin prices in the first half of 2023.

Analyst Insight

According to the Procurement Resource, Ginger Oleoresin prices are expected to continue the high run in the upcoming months as well. Given the current constricted supplies amid rising demands, the price trend will likely incline further.
 

Ginger Oleoresin Price Trend for the Second Half of 2022

Ginger Oleoresin is extracted from ginger rhizomes via the solvent extraction process. These oleoresins are extensively used in food, flavouring, aroma, pharmaceuticals, and nutraceutical industries. Asia has the biggest share in the Ginger Oleoresin market, with India having the highest contribution.

In the Indian domestic market, ginger prices were on an upswing after five years owing to better demand across the markets. Though the demand increased the availability was limited to certain regions which contributed towards the price rise. Though close to 70% of the produce in Karnataka was harvested but the supply in the market was limited as many farmers hoarded the supply in the wake of better prices in the future. The high prices of ginger directly impacted the price trend for ginger oleoresin.

The Ginger Oleoresin market stayed inclined in 2022. The Chinese government-mandated covid lockdown strangled the supplies which amid port congestion triggered the prices to shoot up. The Indian ginger was available in the market, but owing to high domestic consumption the supplies were not easily available in the international market contributing towards high prices. Overall, an inclined price trend for ginger oleoresin was observed, however, the market stabilized around later H2 2022, as Chinese covid restrictions were lifted and logistics got better.

Analyst Insight

According to Procurement Resource, the market sentiments for Ginger Oleoresin appear quite promising. The demand-supply gap of the commodity is expected to grow leading to high prices until the fresh stocks arrive in the market, thereby stabilizing the trend.

Procurement Resource provides latest prices of Ginger Oleoresin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.