Spices

Ginger: Price is shattered by greed

October 19, 2016 at 8:22 AM , Der AUDITOR
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NEW DELHI. Since the beginning of October 2016, there is a stabilisation at a low level to be felt, after the price for ginger products had dropped for nine months straight.

 Since the beginning of the year, at publication of the crop data, the price for ginger has lost about 20% in value. The high price level of the past two years was the reason for many farmers in India, as well as China, to go into the ginger production in 2015/2016. The logical consequence of this is the great surplus, primarily from China, which puts the price under pressure. Looking at the price development (table 1), it becomes clear that prices have calibrated themselves to a low level since the third quarter of 2016, and are now showing a sideways trend.The price fluctuations seen in the display are due to exchange rate fluctuations. 

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Price development ginger derivitives

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