The global ginger market is currently experiencing a dynamic phase marked by robust export demand, constrained supply, and significant price movements. In India, the heart of world ginger production and trade, the onset of summer in Kerala and North India has led to sluggish arrivals of both fresh and dry ginger. Exporters are actively seeking product to capitalize on attractive international prices, yet the supply is weaker than usual, keeping upward pressure on prices. In Kochi, Kerala, dry ginger wholesale prices have jumped by 15-25 INR per kg recently, now hovering at 240-260 INR/kg depending on quality—a notable recovery after a similar recent dip. Meanwhile, in Delhi, fresh ginger prices have seen a modest uptick to 38-40 INR/kg, reflecting improved sales but still lagging behind last season’s record highs.
Internationally, the situation is compounded by a sharp production drop in Nigeria—one of the key global suppliers—where dry ginger output is estimated to have fallen by 50%. This shortfall is amplifying export demand for Indian ginger, with stockists and exporters also ramping up their purchases in Karnataka and other producing regions. Despite a good domestic crop, arrivals remain sporadic and insufficient to meet the strong demand. As a result, the market sentiment is bullish, with expectations that ginger and dry ginger prices will remain firm in the coming weeks. Wise market participants are advised to stay alert to these developments and leverage timely information for strategic advantage.
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Ginger dried
whole
FOB 3.49 €/kg
(from IN)
Ginger dried
slices
FOB 3.12 €/kg
(from IN)
Ginger dried
Powder
FOB 3.96 €/kg
(from IN)
📈 Prices
| Product | Type | Origin | Location | Delivery | Current Price (USD/kg) | Previous Price (USD/kg) | Update Date | Weekly Change | Market Sentiment |
|---|---|---|---|---|---|---|---|---|---|
| Ginger dried | Whole | IN | New Delhi | FOB | 3.49 | 3.51 | 2025-05-09 | -0.02 | Bullish |
| Ginger dried | Slices | IN | New Delhi | FOB | 3.12 | 3.14 | 2025-05-09 | -0.02 | Bullish |
| Ginger dried | Powder | IN | New Delhi | FOB | 3.96 | 3.99 | 2025-05-09 | -0.03 | Bullish |
| Ginger dried | NUGC (99%) | IN | New Delhi | FOB | 3.75 | 3.77 | 2025-05-09 | -0.02 | Bullish |
🌍 Supply & Demand
- India: Arrivals of fresh and dry ginger remain below normal, especially in Kerala and North India, due to the ongoing summer and depleted stocks from the previous season.
- Nigeria: Production of dry ginger is estimated to have fallen by 50%, significantly tightening global supply.
- Export Demand: Remains strong as international buyers seek to cover the shortfall from Nigeria, leading to increased activity among Indian exporters and stockists.
- Domestic Demand: Picking up modestly in key Indian markets (e.g., Delhi), though still below peak levels.
📊 Fundamentals
- USDA & Crop Reports: No recent USDA-specific report for ginger, but Indian government and trade sources confirm a good domestic crop offset by weak arrivals and strong export pull.
- Inventories: Stocks in producing states are low due to heavy offloading by farmers last season at record prices.
- Speculative Positioning: Exporters and stockists are actively accumulating inventory, anticipating further price increases.
🌦️ Weather Outlook
- Kerala: Summer heat persists, limiting fresh arrivals and impacting drying operations. Rainfall expected in the next 3 days could aid late harvesting but may disrupt logistics.
- Karnataka: Stable weather supports ongoing stocking and export operations.
- Nigeria: No significant weather relief expected; production recovery will likely only be evident in the next season.
🌐 Global Production & Stocks
| Country | 2024 Production Estimate (mt) | YoY Change | Stock Situation |
|---|---|---|---|
| India | 1,800,000 | +5% | Low stocks, good crop but slow arrivals |
| Nigeria | 200,000 | -50% | Critically low |
| China | 500,000 | +2% | Stable |
| Bangladesh | 160,000 | +3% | Stable |
📆 Trading Outlook & Recommendations
- Expect ginger and dry ginger prices to remain firm or rise further in the coming weeks due to tight global supply and strong export demand.
- Exporters should consider locking in contracts at current levels to hedge against further price increases.
- Importers are advised to secure supplies promptly, as Nigerian production shortfall is likely to keep international prices elevated.
- Stockists in India may benefit from holding inventory, but should monitor weather developments and arrival trends closely.
- Monitor upcoming rainfall in Kerala, which could temporarily boost fresh arrivals but may also disrupt logistics.
🔮 3-Day Regional Price Forecast
| Market | Current Price (INR/kg) | Forecast (INR/kg) | Trend |
|---|---|---|---|
| Kochi (Dry Ginger) | 240-260 | 245-265 | ⬆️ Firm to higher |
| Delhi (Fresh Ginger) | 38-40 | 39-42 | ⬆️ Slightly higher |
| New Delhi (Export FOB, Dried) | 3.12-3.96 USD | 3.15-4.00 USD | ⬆️ Firm |
