Sri Lankan growers complain about low prices for turmeric and ginger

Published 2022년 3월 17일

Tridge summary

The Sri Lankan government's ban on turmeric and ginger imports has led to a significant increase in prices, with a kilo of raw root selling for over Rs.1000 (EUR 3.60). However, following successful local harvests, prices have dropped to between Rs.110 and Rs.300 per kilo. This decrease is due to many growers cultivating these crops during the last growing season, given the scarcity of fertilizers for other crops. While consumers are benefiting from the low prices, growers are experiencing financial losses due to the low market rates.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Sri Lankan government previously banned the import of turmeric and ginger, driving the prices of these goods soaring; a kilo of raw turmeric and ginger was sold for more than Rs.1000 per kilo (EUR 3.60). However, prices have now come down thanks to the successful local harvests. Today, a kilogram of raw turmeric and ginger is sold between Rs.110 and Rs.300. Traders attribute the large harvest to the fact that many growers chose to grow these crops during the last growing season, given the severe shortage of fertilizers for other ...
Source: AGF

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