As winter blankets the terrain, the spice bazaars reveal a peculiar tale—dry ginger, despite expectations, grapples with sluggish consumption. Even its fiery cousin, ginger, isn’t setting the market ablaze. The pace has increased, signaling potential strength for dry ginger in the days ahead.
Chances of Strength In Winter Slumber
More than two-thirds of December was accompanied by snowfall in the mountains. Despite the bone-chilling cold, the sale of dry ginger remains tepid, contrary to the usual surge in demand during the cold season.
The wholesale market in Delhi witnesses a decline in ginger arrivals from Bangalore, contributing to a recent price uptick, now at $1,20-1,27 or €1,02-1,21 per kg. A noteworthy shift, given the preceding dip. It’s a far cry from the record-breaking spike when prices soared to $2,41-2,71 or €2,19-2,46 per kg. Buoyed by attractive prices, farmers swiftly sold almost their entire harvest. Kochi, too, experienced a surge, reaching an unprecedented $2,41 or €2,19 per kg in wholesale prices.
Weaker Arrivals and Unusual Patterns
As ginger and dry ginger arrivals dwindle from producing states, stockists observe an unusual uptick in dry ginger sales. The weaker-than-normal availability, coupled with rising temperatures, creates an unexpected scenario. The arrival of new dry ginger in the Kochi market has, surprisingly, encountered minimal pressure. A significant factor contributing to price hikes is the selling spree triggered by attractive prices, with producers offloading 90-95% of their ginger stock.
Dry Ginger Faces Fluctuations
Contrary to the ginger, dry ginger encounters a different fate. Weak buying by stockists leads to a recent drop of $0,18 or €0,16 per kg, settling at $3,92-4,22 or €3,55-3,83 per kg. The intricate play of supply, demand, and pricing unfolds, hinting at the potential strength of dry ginger in the days to come.
In the middle of winter’s icy grip, ginger and dry ginger have divergent paths in the spice bazaars. Ginger faces unexpected price hikes fueled by attractive selling prices, while dry ginger grapples with weaker consumption despite all odds. The unusual patterns, weaker arrivals, and market fluctuations paint a dynamic picture, suggesting a potential surge. As winter days arrive, dry ginger, despite initial challenges, hints at a resilient spirit with potential strength ahead.