Impact of Rainfall and Market Supply

In recent days, moderate to heavy rainfall in Assam, Sikkim, and other Indian states has brought down temperatures, stabilizing ginger prices. Some plain states still awaiting monsoon rains. The price of Saunth in major producing areas remains stable with no expected rise. This stability follows a recent price drop in key markets, providing a consistent update on Saunth prices to benefit informed readers.

Factors Influencing Market Stability

While many states have received substantial rainfall, leading to flooding in some areas, North Indian states, including Delhi, have seen weaker than normal rainfall. Despite this, the demand for Saunth remains sluggish.

• The arrival of ginger from Bangalore has increased in Delhi's wholesale fruit-vegetable market, causing prices to drop by $0,12-$0,36 per kg.
• Currently, ginger from Bangalore is priced at $1,44-$1,80 per kg,
• Ginger from Siliguri is at $1,08-$1,44 per kg.

Previously, prices had surged to $2,40-$2,70 per kg due to high demand, prompting farmers to sell nearly their entire crop.

Impact of Increased Ginger Supply

Recently, wholesale ginger prices in Kochi peaked at $2,40 per kg due to weaker than normal availability, limiting the production of dry ginger. The arrival of ginger and dry ginger from producing states remains low. Also the high temperatures contributing to increased sales by stockists. Despite the start of new dry ginger arrivals in Kochi, there has been no significant market pressure. Farmers have sold about 90-95% of their ginger due to attractive prices, leading to recent stability in Saunth prices at $4,74-$4,80 per kg. Sporadic new Saunth arrivals in Kerala maintain high prices. But the overall outlook suggests no price increase in the coming days.

In summary, ginger prices are expected to remain stable due to moderate rainfall and increased supply from producing states. Weather conditions and supply trends will continue to influence prices. Therefore, traders and producers should prepare for consistent prices and market adjustments.