According to market experts, despite the price drop last week for Dry ginger NUGC quality, it is expected to stay firm in the coming days.
Factors Influencing The Market
According to reports, the stockists are in active mode despite the earlier higher commodity prices. As a result, there has been a price increase of $0,06 per kg earlier.
Though it is already two months since the new crop arrived in Kerala, the quantity is lower than the last year. Compared to the previous year, the overall arrival is also less.
There is a bit of sluggishness in the price of ginger from Aurangabad. It is due to the lack of demand for the commodity among the grinding mills.
Prediction
The market is not expected to go southward in the next few days or weeks. This is because there is low production of the crop across India. Despite the price increase in ginger for the last few years, the farmers are not eager for the harvest.
Experts say the current weather condition is favorable for an excellent crop to benefit the standing crop. Hence, it is expected that the standing crop’s quality will be better during the harvest.
Price Trend
Dry ginger NUGC quality
| Date | Price |
| February 21 | $2,17 per kg FOB |
| February 1 | $2,18 per kg FOB |
| January 31 | $2,19 per kg FOB |
For more information, facts and figures, become a member. Click here.