Ginger Exports Increase 76%
Ginger exports are on the increase as prices in the domestic market ease due to higher production Currently, India is the cheapest origin for good quality ginger and is receiving good orders from West Asia and Europe. Exports during the first ten months of the current financial year are higher by 126% in volume terms and 76% in value terms over the same period of last financial year.
“Ethiopian ginger is almost over and China is only selling to Europe. They seem to have a smaller crop. Apart from India, Nigeria is only country with stocks,”P Nandakumar, a trade consultant told FE. He feels that Nigerians stocks are also on the lower side, as they are unlikely to sell at lower levels. Good quality Indian dry ginger has dropped to R170 per kg at the terminal market of Kochi from a high of R230-240 per kg achieved during the last quarter of 2010.
“Ginger from Shimoga in Karnataka is available at R100 per kg. Shimoga ginger is used mainly by extractors and they are currently covering from India,” Nandakumar said. He expects exports to gather volume as Nigeria exits from the market. “Exports are good and there are lot of demand from West Asia. We expect exports to increase in the coming days,” Ramalingam Vishwanath of GRK Traders told FE.
Indian production of ginger for 2010-11 is expected to be higher by 30-40% due to good returns from ginger.
“Ethiopian ginger is almost over and China is only selling to Europe. They seem to have a smaller crop. Apart from India, Nigeria is only country with stocks,”P Nandakumar, a trade consultant told FE. He feels that Nigerians stocks are also on the lower side, as they are unlikely to sell at lower levels. Good quality Indian dry ginger has dropped to R170 per kg at the terminal market of Kochi from a high of R230-240 per kg achieved during the last quarter of 2010.
“Ginger from Shimoga in Karnataka is available at R100 per kg. Shimoga ginger is used mainly by extractors and they are currently covering from India,” Nandakumar said. He expects exports to gather volume as Nigeria exits from the market. “Exports are good and there are lot of demand from West Asia. We expect exports to increase in the coming days,” Ramalingam Vishwanath of GRK Traders told FE.
Indian production of ginger for 2010-11 is expected to be higher by 30-40% due to good returns from ginger.
Source : financialexpress.com
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