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).

Price Trend for Ginger Oleoresin for the First Half of 2025

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.
 

Ginger Oleoresin Price Chart

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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.

Analyst Insight

According to Procurement Resource, Ginger Oleoresin prices are likely to remain soft in the near term unless global demand picks up or production moderates in the next crop cycle.
 

Ginger Oleoresin Price Trend for the Year 2024

Throughout 2024, ginger oleoresin prices experienced significant fluctuations, largely driven by severe supply disruptions and weather-related challenges in major ginger-producing regions. Early in the year, the market faced rising costs as ginger crops in India and China suffered from reduced yields due to erratic weather and diseases. This created a tight raw material supply, triggering price increases for ginger-based products, including oleoresin.

As the months progressed, these supply issues intensified. China's new harvest was still months away, and India's production continued to struggle. This supply crunch pushed global prices up, with even consumer markets like the Philippines and India feeling the pressure through soaring retail ginger prices. With fresh ginger becoming more expensive and less available, the cost of oleoresin remained high. Importers began looking to alternative sources like Brazil and Peru, but their smaller volumes could not meet global demand.

Mid-year saw a short-lived dip in pressure as Brazil and Peru released their harvests. However, this relief was minimal. Brazil had increased cultivation, but its limited export capacity couldn’t significantly ease the supply-demand imbalance. Meanwhile, in local markets like Wayanad, India, farmers faced steep losses as the farm gate prices of ginger dropped due to premature harvests and unsellable produce—yet processed products like oleoresin remained expensive due to global shortages.

By late 2024, the market continued to reflect high prices as expectations of China's new harvest were still building. Traders, holding cold storage capacities, maintained control over available stock, further keeping oleoresin prices elevated.

Analyst Insight

According to Procurement Resource, Ginger Oleoresin prices may ease slightly in early 2025 as new harvests from China enter the market, but full stabilization will depend on improved yields and fewer climate disruptions.
 

Ginger Oleoresin Price Trend for the Second Half of 2023

In the second half of 2023, ginger oleoresin prices followed an upward trend, driven by a combination of supply disruptions, crop damage, and rising demand. In India, particularly in Karnataka, farmers from Kerala who had shifted ginger cultivation out of state faced significant challenges due to an unusual rise in theft cases. This not only impacted available supply but also raised costs associated with securing produce. The high farmgate prices for both fresh and mature ginger added further pressure on oleoresin extraction costs.

Globally, Peru’s ginger crop suffered from reduced acreage and bacterial infections, leading to lower export volumes. This affected the European market, where traders reported price volatility and quality concerns. Chinese supplies, though more stable in quantity, were not always up to the quality mark, causing further inconsistency in pricing. Meanwhile, ginger exports from Brazil had not yet ramped up, causing a tight supply window in the international market.

In Southeast Asia, Myanmar saw a slump in local ginger prices due to weakening foreign demand, especially from Bangladesh. This localized drop in fresh ginger prices had limited impact on the global oleoresin market, as the demand from Europe and China remained relatively strong. However, some Asian farmers pivoted towards dried ginger production as a hedge against fluctuating fresh market rates.

Future Outlook

According to Procurement Resource, the outlook for Ginger Oleoresin prices remains cautiously firm, supported by steady global demand and tight supply conditions in key producing regions.
 

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.

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.