In the enigmatic dance of seasons, a recent rain shower has cast a wintry chill, further cooling the temperature and setting the stage for a nuanced performance in the dry ginger market. However, despite the mercury taking a dip, the sales of dry ginger are waltzing at a sluggish pace, signaling the onset of a ginger recession. The flicker of hope for an upswing in the dry ginger market is slowly losing its warmth.
Price of fresh ginger in decline
The recent winter rain in Delhi and its neighboring states and a sprinkle of snowfall in the mountains should have ushered in a season of heightened dry ginger sales. Alas, contrary to the norm, the market is experiencing a frosty reception. Even the influx of new ginger from Bangalore into the wholesale fruit-vegetable market in Delhi hasn’t provided the much-anticipated boost. The price of this fresh ginger has taken a recent dip, adding a twist to the tale.
Recall when ginger prices soared to unprecedented heights, touching €2,24-2,52, enticing farmers to part with almost their entire ginger crop. However, the wheel of fortune turns, and the current scenario witnesses a softening in prices due to arrivals and availability being weaker than usual. Kochi, a key player in the ginger market, reported a surge to a new pinnacle of €2.24 per kg. Yet, the scarcity of dry ginger has cast a shadow over the arrival of ginger and dry ginger from producing states, keeping figures relatively subdued.
Resurgence of dry ginger?
Stockists are making their moves, sensing a rare surge in dry ginger sales amid unusual weather patterns and constrained availability. However, the arrival of new dry ginger in the Kochi market has yet to exert significant pressure so far. The crux lies in that attractive prices compelled producers to sell a substantial 90-95 percent ginger, resulting in a market void. The repercussions are palpable as dry ginger commonly experienced a recent tumble. As winter settles in, the anticipation of a dry ginger resurgence is losing its grip, cautioning importers to navigate the market with strategic finesse.
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