India to export more ginger as supply soars

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FE Team | Published: April 04, 2011 00:00:00 | Updated: February 01, 2018 00:00:00

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NEW DELHI, April 3 (Commodity Online): India's ginger exports are on the increase as prices in the domestic market ease due to higher production. India is the cheapest origin for good quality ginger and is receiving good orders from West Asia and Europe. Exports during the first ten months of the current financial year are higher by 126 per cent in volume terms and 76 per cent in value terms over the same period of last financial year. analysts said India expect to gain as major supplier Ethiopia is running out of stocks while China is only selling to Europe. Only Nigeria has enough stocks, they sadded. Good quality Indian dry ginger has dropped to R170 per kg at the terminal market of Kochi from a high of R230-240 per kg achieved during the last quarter of 2010. Indian production of ginger for 2010-11 is expected to be higher by 30 per cent to 40 per cent due to good returns from ginger.