Dry ginger (sonth) continues its stable run in key wholesale markets, charting a course shaped by consistent domestic demand and notably restricted arrivals. This week, the Kochi spice market reported no significant deviation in prices, with top-grade dry ginger trading firm at approximately $6.00 per kg. Traders observe a balanced supply-demand scenario, where sellers hold their ground due to limited availability while buyers cautiously meet ongoing requirements, especially from the Ayurvedic and spice-blending segments. Even as some export inquiries surfaced—primarily from the Middle East and Southeast Asia—the current influx remains moderate, curbing any downward pressure on prices.
As the monsoon season sets in, demand traditionally rises, driven by the consumption of medicinal and warming ingredients like dry ginger. The market outlook for the short term appears stable, with the potential for firmer prices hinging on any unexpected supply shocks or a surge in export demand. For now, participants expect a continuation of the cautious, steady tone, as neither side of the market finds incentive for aggressive price moves.
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Ginger dried
whole
FOB 3.42 €/kg
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FOB 3.08 €/kg
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Ginger dried
Powder
FOB 3.90 €/kg
(from IN)
📈 Prices and Market Sentiment
Product Type | Origin | Location | Latest Price | Weekly Change | Market Sentiment |
---|---|---|---|---|---|
Dry Ginger (whole) | India | New Delhi (FOB) | €3.42/kg | 0% | Steady |
Dry Ginger (slices) | India | New Delhi (FOB) | €3.08/kg | 0% | Stable |
Dry Ginger (powder) | India | New Delhi (FOB) | €3.90/kg | 0% | Balanced |
Dry Ginger (nugc, 99%) | India | New Delhi (FOB) | €3.67/kg | 0% | Neutral |
🌍 Supply & Demand Drivers
- Supply: Arrivals remain limited from Kerala and northeastern India. There are no major inflows anticipated in the near term, lending support to steady prices.
- Demand: Ongoing from Ayurvedic, spice-blending, and seasonal health sectors. Monsoon-related consumption increases demand for medicinal roots like ginger.
- Export: Modest inquiries from Middle East and Southeast Asia, but not strong enough to move prices up significantly.
📊 Fundamentals and Market Comparisons
- Pricing this week matched the previous period, confirming the market’s resilient balance.
- Last report showed similar dynamics—cautious buying, firm seller positions, steady prices—which have continued into this week.
- Volatility remains low due to predictable supply and demand flows. Buyers remain tactical, with no panic buying or selling.
☁️ Weather Outlook & Crop Impact
- India (Kerala, Northeast): Monsoon rains continue across major ginger producing belts, with typical seasonal precipitation. Farm reports suggest adequate soil moisture, sustaining ongoing limited but healthy supplies.
- Crop Impact: No extreme weather disruptions expected in the short term. Potential improvements in arrivals hinge on post-monsoon harvests.
🌐 Global Production & Stock Comparison
- India: Main exporter with firm domestic and regional demand.
- Africa (Nigeria, Ethiopia): Smaller harvests, mainly for regional consumption.
- China & Southeast Asia: Stable production, occasional competition in export markets but not pressuring Indian origin in current conditions.
🔍 Trading Outlook & Recommendations
- Sellers can hold offers steady—there is little pressure to discount with current supply tightness.
- Buyers are advised to cover short-term needs calmly, as no price drops are imminent without a change in supply or export orders.
- Exporters should monitor inquiries closely, especially from Middle East and Southeast Asia; any uptick may provide upside potential.
- Watch for weather updates and market arrivals post-monsoon for signals of any shift in pricing or availability.
📆 3-Day Regional Price Forecast
Market | Price Range | Trend (3 Days) |
---|---|---|
Kochi (INR) | $6.00/kg | Steady |
New Delhi (EUR, FOB) | €3.08–€3.90/kg | Stable |