Financial Daily from THE HINDU group of publications
Friday, Mar 31, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Spices & Condiments


Ginger prices fall on higher supply

Our Bureau

Higher output in China, other origins

Kochi , March 30

Increased availability of ginger in the domestic and international markets has pushed down its prices sharply.

A steep rise in prices in 2004 has motivated the farmers to grow ginger last year resulting in over production outweighing the demand.

In the domestic market, the arrivals stood at 200-500 bags of 55 kg every week but there are no buyers, traders here told Business Line.

Demand normally generates during the winter months and now the season is over, they said.

High quality dried ginger is fetching only Rs 55 a kg as against Rs 130 a kg last year. While the farm grade quality is sold at Rs 35-45 a kg.

Over production in China and all other origins has not only pushed the prices down but also hit the country's exports, they said.

Exports

As against 12,153 tonnes exported in April 2004 to February 2005, the shipments during the same period this fiscal stood at at 6,200 tonnes. At present, Nigeria is offering at $650-$750 a tonne while China is quoting $1,100 a tonne. Indian price is at $1,400 a tonne.

The production of dry ginger in the country is estimated at between 20,000-22,000 tonnes a year. India's major markets are the West Asia and the Gulf countries. Exports to Japan and European countries have dropped following the ban on import of ginger produced using sulphur dioxide.

More Stories on : Spices & Condiments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
MCX, Bursa Malaysia in pact for palm oil futures


Rice mills turn to modernisation
Punjab in Delhi
Awards for farmers' clubs
AP: Fishermen plan rally
Business in banana country
`Stop imports of fruits, vegetables'
Cabbage caper
Rubber continues to stagnate
STC may export 3 lakh t sugar
Indian tea to gain on rising Kenyan prices
Low volume at Coonoor tea sales
`Adulteration rampant in edible oils'
Karnataka slashes VAT on cashew
Ginger prices fall on higher supply
Elected to head AISEF
Excess supply
Export subsidy for pepper extended
Cabinet okays release of interest relief to farmers



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line