The price of ginger rhizomes has reached an all-time high, giving fresh hopes to farmers in South India.
The farm gate price of the old ginger in Wayanad on Tuesday was ₹10,500 a bag (60 kg) as against ₹2,200 a bag during the corresponding period last year. The price of new ginger rhizomes on the day was ₹5,000 a bag as against ₹600 a bag last year.
Low arrival of ginger rhizomes to the market and high demand for the produce in the internal market as well as GCC countries and Bangladesh are the major reasons behind the increase in the price of the commodity, Arun Anto, Brothers ginger traders, a ginger dealer in Chennai, said.
