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Reading: Ginger (adrakh) price may fall as supply resumes
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PhotoNews Pakistan > Business > Ginger (adrakh) price may fall as supply resumes
Business

Ginger (adrakh) price may fall as supply resumes

Web Desk
By Web Desk Published November 26, 2014 1 Min Read
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Wholesalers of ginger at Super Highway Sabzi Mandi decided to resume trading from Tuesday night after a lapse of five days, a decision that may help lower the commodity’s price which touched Rs400 per kg from Rs240 last week.

Ginger price came under pressure after wholesalers suspended its trading last Friday following confiscation of over 100 bags by the Karachi’s Market Committee. The government says the traders were selling acid-soaked ginger.

But traders insist they were using lemon salt (tatri) and blancher (rang kat) for cleaning purposes.

Traders said they moved to court against the committee’s action but resume trading till the decision of the court.

Haji Shahjehan, the president of Falahi Anjuman Wholesale Market Super Highway, said traders have decided to start sale of imported ginger (unwashed) which arrives directly from the port, till the court’s decision. Retailers and hoarders are taking full advantage of the sharp drop in supply. The vegetable’s price on Tuesday soared to Rs360-400 per kg from Rs280-320 on Monday.

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