Dry Ginger: Dry Ginger demand for Festival Season
August 31, 2017 at 8:29 AM ,
Rainbow Exports
Dry Ginger demand for Festival Season
Looking at the tight supply, there is no expectation of further down in the prices No recession.
Due to weakening of supply and consumption of season on head, the prices have been firmly stabilized for quite some time now. There is no possibility of a soft downturn in the coming days.
Survey has shown that the situation of floods in the major producing states of Assam, Assam, are gradually improving. According to the information received, due to the second flood in Assam, the situation had worsened, but due to the recent rains, the situation of flood has improved and if all is equal then the roads will be opened soon and the business activities will be on track. For some time in the Kochi Mandi, Kerala, Dry Ginger has stopped at the pre-staged level of US$ 1800 to 1900 rupees per mt.. Even after this speed in Dry Ginger, there is no regular arrivals in Kochi Mandi. On the other hand, in Karnataka's mandis, its price has risen to US$1750 per mt. from $1650 per mt. For the quality in the local wholesale grocery market has remained at the level of US$2050 per mt. for quite some time now. On the other hand, China's presence in the international market has remained around $3.31 per kg. for the past one month. It was valued at $3.57 in the comparable period of last year. Similarly, the international price of Indian dry Ginger is known to be made at the level of one year prior to $3.29 a kilogram. On the other hand, the US dollar has recently weakened against the rupee. This is an attractive level for exporters. In recent years, it has been observed that there is a steady decline in the production of Dry Ginger in the country as the interests of producers / farmers are continuously decreasing. Another major reason for this is also the huge shortage of workers. It is said that due to lack of labor in Kerala labor costs have increased rapidly, but the price of Dry Ginger has not been proportionally increased.
According to the latest data of the Spices Board of India, the export of 24,950 tonnes of Dry Ginger worth US$40.17 million in the financial year 2016-17 has been exported. In comparison, it had exported 24850 tonnes in the last financial year and earning US$43.12 million. It is clear from these figures that this time quantitative export of Dry Ginger has been reduced to 1 percent, while the income has come down by 7 percent. There is no possibility of a soft downturn in coming time.
View related articles
