Ginger price nosedives as lockdown affects export
Koduvayur (Palakkad): The lockdown has caused the ginger price drop by 40 percent giving a hard time for both farmers and merchants. Ginger price was Rs 60 per kilogram until a month ago and it dropped to Rs 35 on Tuesday. Though ginger and dry ginger are of high demand in international market currently, exporting is very difficult, said the merchants.
During April and May, many curry powder companies buy ginger and dry ginger in wholesale quantity. Also ginger harvesting is completed by this time in Palakkad area. The lockdown relaxation for the movement of vegetable lorries is not given for ginger and dry ginger loads, said Jaison P Baby, a merchant in Koduvayur.
Many people in Ernakulam, Peumbavoor area are cultivating ginger in Palakkad and Tamil Nadu taking land for lease. They pay upto Rs 1 lakh as rent for one acre land. Ginger farming is one of the most expensive farming. About Rs 4 lakh per acre has to be spent by the time of harvest, said a farmer Riyaz Perumbavoor.
About 9-12 tonnes of ginger is harvested from one care land. If the price dropped, not even the invested amount can be obtained. The expense is higher for drying ginger also. Five kilogram ginger should be dried to get one kilogram of dry ginger. Though dry ginger fetches Rs 260-270 per kilogram, the cost of drying and storage affects the profit.