Overview
The production of Indian ginger has been facing a significant economic setback for the past few years. Farmers spend a massive amount on the production of ginger, but due to the non-availability of reasonable prices in the market, the ginger crop is in trouble.
Current Scenario
Ginger needs to be preserved for at least six months after plantation, and in the past years, the rainfall pattern has changed. It rains till November, and if the ginger crop survives this rainfall, the ginger is ready, but otherwise, the farmers face a huge loss.
The ginger-growing areas received heavy rains during the first 20 days of October. Rainfall also affected the quality of ginger. This has added to the problems of the farmers. At present, the arrival of ginger in the market is decreasing.
Future Scenario
A good yield is obtained if a ginger crop is left underground for at least nine months. Since the crop is underground, sometimes the crop yield estimates are wrong. In such a situation, the fall in the price becomes a headache for the farmers. However, due to pests, disease, and price volatility, ginger growers struggle because the estimates get mismatched. In such a situation, experts believe that this commodity’s future depends upon its harvest.
The Ginger dried NUGC prices were recorded at $1,92 per kg FOB.
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