Koronavirus caused a panic in the market of spices

Epidemic koronavirusa in China provoked not only sharp jumps in prices of consumer goods, but also led to distortions in supply and demand models. The last example of anomaly — wholesale prices for garlic, ginger and chili pepper in China. Since the beginning of December the composite index of these ingredients, grew by 17 percent that reflects shortage of labor in farms and in distribution networks. Other countries too will soon feel on themselves consequences of this trend. According to Mintec, the firm specializing on statistical information on the market of raw materials, about 80% of the world market of export are the share of China...