Dry Ginger Prices Will Not Increase
The wholesale price of dry ginger has been under pressure as new arrivals from Karnataka and Kerala enter the market. Despite the ongoing winter season, typically associated with higher demand, dry ginger prices are expected to remain steady or decline further in the coming days.
Current arrivals of fresh dry ginger in Kerala have contributed to a price drop in the Kochi market. Wholesale prices now range from USD 3,00–4,32 per kg, depending on quality. Similarly, ginger from Bangalore is arriving in North India’s wholesale markets, including Delhi, where it is priced at USD 0,42–0,43 per kg.
Recent Price Trends
Earlier, ginger prices had surged to record levels, reaching USD 2,40–2,70 per kg due to limited supply and high demand. These attractive price levels prompted farmers to sell nearly 90–95% of their crop, leading to weaker arrivals of fresh ginger for dry ginger production. In Kerala, the wholesale price of dry ginger has seen a significant decline. After a fall, prices now stand at USD 3,24–3,36 per kg.
Weaker Arrivals and Availability
The ginger market continues to experience sporadic arrivals, particularly from major producing regions like Siliguri. However, supply remains weaker than usual, further affecting market sentiment. Stockists report increased sales of dry ginger due to its limited availability and the arrival of fresh produce.
No Price Increase Expected
Despite weaker arrivals, market conditions suggest that dry ginger prices are unlikely to rise in the near term. The arrival of new dry ginger in Kochi has not created sufficient pressure to influence prices. Rising temperatures and subdued demand have further dampened market activity.
Conclusion
With steady arrivals from Karnataka and Kerala and weaker demand across markets, dry ginger prices are expected to remain stable or decline in the coming days. While farmers have already sold the bulk of their produce, sporadic supply and sluggish demand continue to keep the market subdued.
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