At present, there is lower production of turmeric crops this season and higher prices in the international markets. The arrivals in the local markets are decreasing by 17 percent compared to the same period last year, which is one of the reasons for the turmeric going upward.
South India’s Erode, Warangal, Duggirala, Cuddapah, Sangli, and Nizamabad areas have reduced sowing. The inward pressure is reduced by 27 percent compared to last year. Due to unfavourable weather, the turmeric crop has suffered extensive damage. At present, at least 28-30 percent of the turmeric crop is estimated to be good quality in the Erode-Warangal Duggirala line. The production of turmeric usually is 95-100 million bags, which is currently around 68-70 million bags, while the consumption for domestic and export is 1,20 Billion bags.
In Andhra Pradesh and Telangana of South India, sowing of maize and soybean was done instead of turmeric because the farmers got good returns. The farmers and the traders were concerned about the slow prices and trade of turmeric for the last 7-8 years. In some Telangana and Andhra Pradesh areas, hundreds of people have been affected by incessant rains in this season. There are reports that turmeric planted in hectares of land was destroyed, due to which the production has reduced this time. About 90 percent of the old goods have been sold.
Along with this, old goods have been consumed as medicine due to epidemics. As a result, new goods are also being sold there at $0,89 to 0,95 per kg, while there is more moisture.
There is the possibility of positive and robust growth in the turmeric market once the domestic and export demand might increase further.
Price Trend
Turmeric Finger (Salem, Double Polished No.1)
| Date | Price |
| March 21 | $1,22 per kg FOB |
| March 10 | $1,23 per kg FOB |
| March 7 | $1,24 per kg FOB |
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