In the first half of 2025, the price trend for ginger oleoresin showed a steady decline, driven largely by oversupply and weakened export demand across major producing countries. Myanmar, traditionally a key exporter of fresh ginger, witnessed a notable drop in its export volumes.
With international demand falling, local markets in Yangon and Mandalay became more active, but this shift failed to support prices. A surge in production from the southern Shan State only worsened the situation, leading to excess stock and subdued market sentiment.
Meanwhile, in India, a similar pattern emerged. The previous year’s record-high ginger prices encouraged large-scale cultivation across multiple states, including Karnataka, Madhya Pradesh, and Chhattisgarh. However, this resulted in a bumper harvest and a market glut, especially as international buyers turned to cheaper alternatives from Thailand and Vietnam.
Retail prices dropped sharply, and many Indian farmers struggled to cover their rising input costs. Disruptions in trade routes due to border tensions also hurt exports to Afghanistan and Pakistan, adding further pressure.
In China, increased acreage and higher yields contributed to heavy inventories. Despite good quality in some regions, much of the produce was not suitable for high-end export markets, especially in the northeast. As a result, traders became cautious, further pushing prices down. The global ginger market saw increased competition, tighter margins, and weak buyer interest, which filtered through to the oleoresin segment, dragging prices lower.