DRY GINGER: There are conflicting reports about the new crop. Most will suggest crop is better compared to last year but bear in mind last year crop was a disaster. So if it is better than last year, it means there will still be limited availability druing the new crop. Local prices have dropped sharply from thier peak, almost half now. It will be foolish to expect prices to go down further with arrival of new crop in December. We wont be surprised if prices jump up again in 2 months. We advise to cover half you requirments earound current levels and watch for further price movement.
TURMERIC: New crop quality which is exportable and acceptabl moisture will be available from March 2025. Crop is good but because farmers have made very good money in last 2 seasons, their holding power is very strong and they are now able to dictate prices and store for longer periods until they get desired prices. So there is little chance of price decreasing sharply from current levels, although price rise will also be capped due to increased availability of new Crop.
TAMARIND: New Crop will start in end January 2025. It is feared crop is less than half of usual harvest. Cold store stocks are lower despite lacklustre export demand. Prices are expecetd to jump sharply in Feb 2025. This will trigger pent up export buying to keep market firm throught the next year. It will be ebenfecial to cover in March 2025 for the new Raamdan season.
NUTMEG: Pricess have zoomed on brisk export demand and short crops in other countries.Prices will continut to remain high.
TURMERIC: New crop quality which is exportable and acceptabl moisture will be available from March 2025. Crop is good but because farmers have made very good money in last 2 seasons, their holding power is very strong and they are now able to dictate prices and store for longer periods until they get desired prices. So there is little chance of price decreasing sharply from current levels, although price rise will also be capped due to increased availability of new Crop.
TAMARIND: New Crop will start in end January 2025. It is feared crop is less than half of usual harvest. Cold store stocks are lower despite lacklustre export demand. Prices are expecetd to jump sharply in Feb 2025. This will trigger pent up export buying to keep market firm throught the next year. It will be ebenfecial to cover in March 2025 for the new Raamdan season.
NUTMEG: Pricess have zoomed on brisk export demand and short crops in other countries.Prices will continut to remain high.