Due to sluggish arrival from producing regions, ginger remained strong in the spot. Winters are on, and because of this, market sentiment is getting affected. Thus, ginger is expected to stay strong in the coming days.
Current Scenario
The weather is now clear over central-producing states like Kerala, Karnataka, Assam, etc. Even after this, the arrival of ginger and dry ginger remains relatively weak. However, in the past, there were reports of heavy rains and floods in some areas of Karnataka, Telangana, Maharashtra etc. Due to this, the crop might have suffered some damage. After the recession in the past, the sale of dry ginger by stockists has started slowing down.
Due to the buying trend of millers towards Aurangabad’s dry ginger, there is an atmosphere of lethargy in other states’ dry ginger. There is negligible arrival of dry ginger in Kochi, and its price has recently declined on a minor scale. Aurangabad’s ginger remains attractive to millers due to its comparatively low cost.
Ginger has remained attractive
It is known that even after the price of ginger has remained attractive in the country, farmers are taking relatively less interest in making dry ginger for the past several years. And as the stock availability is petite and demand high due to winter, there is no possibility of a recession in the coming days.
The price of dry ginger remained unchanged at the earlier closing level of $1,87 per kg. Thus, as experts opine, ginger has no scope of sluggish trend in the coming days.
The Ginger dried NUGC prices were recorded at $2,05 per kg FOB.
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