High prices drive up ginger farming in Kerala, Ktaka
http://www.financialexpress.com/news/High-prices-d [2008-7-14]
Tag : china fresh ginger
With ginger prices riding high on supply shortage, farmers inKarnataka and Kerala are back to ginger farming in a big way,traders said.
However, a section of traders feel that price could rally north forone more season, from the current high, as ginger seeds are shortin supply. Ginger farming area has come down to almost a halffollowing a slump in returns in the last two years.
Ginger prices had touched a peak of Rs 50 per kg (of fresh farmgrade ginger) in 2003 and then dropped to a low of Rs 6-8 per kg in2006.
Farmers from Kerala ventured into the neighbouring Karnataka from2003 in huge numbers to reap a windfall. When prices came tumblingdown, many lost their investments and farming area dropped down.Now, they are back in business, KS Mohanan, a leading trader fromWayanad told FE.
Majority of the farmers in Wayanad are also back with ginger, headded. Leasing land in Karnataka is also back in favour withreturns on the higher side. Mohanan feels that people in Karnatakahave also taken into ginger on their own.
Ginger prices are almost double when compared to the previousseason and good quality dry ginger is in short supply, AnanadKishore, a leading trader at the terminal market of Kochi said.
The monthly supply is shorter by 27,000 bags, he added. However,Anand does not expect production to increase in the short run. Heexpects the supply to remain more or less the same for one moreyear as he expects a lag. Supply of good quality seeds may alsohamper the revival in supply, he added. However, Anand is worriedabout imports as China and Nigeria are selling at a discount.
With ginger prices riding high on supply shortage, farmers inKarnataka and Kerala are back to ginger farming in a big way,traders said.
However, a section of traders feel that price could rally north forone more season, from the current high, as ginger seeds are shortin supply. Ginger farming area has come down to almost a halffollowing a slump in returns in the last two years.
Ginger prices had touched a peak of Rs 50 per kg (of fresh farmgrade ginger) in 2003 and then dropped to a low of Rs 6-8 per kg in2006.
Farmers from Kerala ventured into the neighbouring Karnataka from2003 in huge numbers to reap a windfall. When prices came tumblingdown, many lost their investments and farming area dropped down.Now, they are back in business, KS Mohanan, a leading trader fromWayanad told FE.
Majority of the farmers in Wayanad are also back with ginger, headded. Leasing land in Karnataka is also back in favour withreturns on the higher side. Mohanan feels that people in Karnatakahave also taken into ginger on their own.
Ginger prices are almost double when compared to the previousseason and good quality dry ginger is in short supply, AnanadKishore, a leading trader at the terminal market of Kochi said.
The monthly supply is shorter by 27,000 bags, he added. However,Anand does not expect production to increase in the short run. Heexpects the supply to remain more or less the same for one moreyear as he expects a lag. Supply of good quality seeds may alsohamper the revival in supply, he added. However, Anand is worriedabout imports as China and Nigeria are selling at a discount.
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