July 21: The price of ginger has soared within the country due to the decline in production and high demand for ginger across the border in India.
The price of ginger has increased three times as compared to last year, according to the Agriculture Market of Dharan.
The retail price of ginger is Rs 210 per kg while the market price of the same product is Rs 300 per kg.
Farmers say they produced less amount of ginger this year as they had to bear losses during the last season. However, the farmers are happy that the price of ginger is high.
Balendra Rai, a local farmer of Sagurigadhi Rural Municipality-7 of Dhankuta expressed happiness to earn Rs 250,000 from selling ginger this season while his normal income from ginger used to be Rs 50,000 to Rs 60,000 per season.
Businessman Binod Kulung informed New Business Age that the farmers are getting good price for ginger this season due to the decline in production in addition to high demand for Nepali ginger in the Indian market.
“This time, there has been a decline in ginger production but the demand for ginger is high in the Indian market. That is the reason why the farmers are getting good price for their product,” he said.
According to Kulung, the price of ginger this season is highest in two decades.