Scant supply, demand surge boost ginger prices
The Hindu
Spot prices touch ₹2,300 a 60-kg bag
Providing fresh hopes to ginger farmers in South India, the price of ginger rhizomes has been spiralling on account of scant supply and huge demand. Spot prices of ginger rhizome touched ₹2,300 a bag (60 kg) in Kerala and Karnataka markets on Tuesday against ₹800 a few weeks ago. It was ₹3,000 a bag during the same period last year. High-quality ginger was trading at ₹2,400 a bag (60 kg) in Karnataka, trading sources said. Though the demand has increased, availability is restricted to some regions of Mysuru, Hassan and Shivamogga districts in Karnataka and a few pockets of Wayanad district in Kerala, Arun Anto, a ginger dealer, said. Moreover, the farmers were holding stocks anticipating better prices in the coming months, he added.
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