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Ginger price forecast - Store and sell ginger after May 2014

Store and sell ginger after May 2014


India is a major producer and consumer of ginger, accounting for about 21-22 % of the global share of production, followed by China, Nepal and Indonesia. Production of ginger in India during 2012-13 stood at 7.453 lakh tonne from an area of 1.578 lakh hectares. Major ginger markets in India are Mumbai, Chennai, Hyderabad, Delhi and Bangalore. 78-80 per cent of total ginger cultivation is in South India and major growers are from Kerala. Wayanad and the surrounding areas in Kerala, which accounted for the bulk of ginger in the 90s, have seen ginger farming coming down rapidly due to labour shortage and higher input costs. But enterprising farmers from Kerala moved out to nearby places in Karnataka in search for land and cheap labour.

In Karnataka, ginger is grown in about 29,000 hectares, spread over Hassan, Coorg, Shimoga, Chickmagalur, Bidar and Mysore districts. It is cultivated as the main crop as well as an intercrop in plantations. Ginger from Karnataka goes to Delhi and Rajasthan depending on the demand. Exports are looking good and there is a good demand for Indian ginger in the global market. Currently, Indian ginger is selling around $2800-$2850 per tonne and good volumes have been contracted.

Heavy rains have damaged some crop and the yield may suffer a bit. But the new crop will be definitely higher as new areas have come under ginger farming in Karnataka.

To help the farmers to take a right decision on whether to sell or store ginger, the Market Intelligence Cell (MIC) functioning in UAS, Bangalore collected the modal prices of Ginger that prevailed in Bangalore market during the last eleven years and econometric analysis was carried out to predict the prices of ginger for the harvesting months. Also an opinion survey of ginger traders was conducted. Based on the analysis and Market survey, it is forecasted that Kharif ginger would fetch a modal price around Rs. 5000-5300/ per quintal  in January 2014, Rs. 4300-4500 in the month of February and in March 2014 Rs. 4000-4500 per quintal. Prices are likely to increase after May 2014. Hence farmers are advised to store until May-June 2014, and sell their produce to get better prices.This forecast prevails for current market sentiments & monsoon and could vary with changes in the market situation and rainfall. Ginger prices are ruling steady because of good demand from the domestic and overseas market.


Dr.C.P.Gracy, Jyoti Naik, Nagashree,N.

Department of Agricultural marketing co-operation and business Management

    UAS, GKVK, Bangalore-65

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Please note that this is the opinion of the author and is Not Certified by ICAR or any of its authorised agents.