Ginger prices in India have increased a lot in just one year, ginger farmers are earning good profits from the ginger consumption market.
Ginger prices in India are increasing sharply
In India, ginger is grown as a commercial crop, providing for domestic use and export. The largest concentration of ginger growing is in Kerala, Odisha, and Madhya Pradesh. At this time, ginger brought more profit to farmers than other vegetables and tubers of the same season.
Ginger prices in India are increasing at a record level compared to many recent years, ginger farmers in India are earning more profits, including Madhya Pradesh which is one of many states with extremely high ginger prices.
With the sharp increase in prices, the price of 1kg of ginger in India is currently fluctuating around Rs 350/kg in open markets in Karanataka. The price of fresh ginger in different states of India varies.
In the markets of Uttar Pradesh, ginger prices range from a minimum of 2,000 Rs/quintal to a maximum of 7,000 Rs/quintal. In Maharash’s market, it fluctuates from a minimum of 2,000 Rs/quintal to 4,500 Rs/quintal.
The average price of ginger in the Punjab market is 5,500 Rs/quintal. In the Maharashtra market, depending on the district, the price ranges from an average of 3,500 Rs/quintal to 4,000 Rs/quintal.
Hamirpur market is where ginger prices are high with a minimum price of 6,000 Rs/quintal to a maximum price of 7,000 Rs/quintal. The wholesale price of ginger in India has surpassed 200 Rs/kg while last year the price of ginger was 20 Rs/kg.
Causes of low ginger yield in India
Recently, northern India has had heavy rain, it has rained in many states across the country, the traffic situation has been disrupted, making it difficult to transport ginger for consumption, the cost of supplying ginger has increased and the accompanying price has also increased. increasing.
Last year, the scale of ginger production was large, but the consumption of ginger was low, the price was not high, and the unfavorable weather affected the planting and care of ginger plants, so farmers narrowed the scale of production, leading to a crop failure. This year supply is not enough to meet demand.
Ginger prices in India increased due to reduced production
In the hilly areas of Uttarakhand, the ginger growing area has shrunk with only 20-25% of hill farmers growing ginger because in the past two years ginger has only been priced at Rs 20-25/kg, making farmers disappointed, so it is very difficult to grow ginger. Little ginger is brought to Haldwani market so it is inevitable that ginger prices will increase.
Market officials say domestic ginger production in India is decreasing. Last year, ginger farmers did not receive a reasonable price for ginger. Some places had damage in the ginger crop, so this year many places did not grow ginger. Currently, the price of ginger is high but the supply is not enough.
The sharp increase in ginger prices in India due to low production has created challenges for consumers and related industries. Only when there is stability to meet domestic and international demand can ginger prices stabilize.
Ginger is a spice in daily life and traditional Indian rituals. Ginger consumption in India is quite high and ginger plays an important role in the country’s cuisine and culture.
Read more: Antioxidant effects of some components contained in ginger root