In the sonorous land of Maharashtra’s agricultural landscape, a golden tale of turmeric unfolds in Sangli, resonating like a tune of golden opportunity for farmers. The market stage, akin to a theatre of fortune, witnessed the curtain rise with turmeric making an impressive debut at an unprecedented $2,04 per kg.
Record breaking prices
This opening act, marked by record-breaking prices, is a silver lining for farmers who, after a year-long intermission, are now reaping the benefits of both scarcity and demand. The drought-stricken year led to reduced turmeric production, setting the stage for a price surge. This twist of fate is music to the ears of both farmers and traders, as Maharashtra, a turmeric powerhouse, anticipates a season of abundance.
Scarcity in supply
Sangli, Maharashtra’s turmeric haven, recently commenced its annual turmeric sale. The golden spice, donned in hues of Rajapuri, fetched an impressive price during the festive season, setting a precedent for subsequent arrivals. The former president of the Chamber of Commerce, reminisces about the downturn in turmeric prices the previous year, attributing it to an oversupply caused by extensive cultivation. Learning from that lesson, fewer farmers ventured into turmeric cultivation this year due to erratic rainfall patterns. The scarcity in supply forecasts a promising ascent in turmeric prices this season, providing a glimmer of hope for farmers.
Turmeric, often dubbed as the golden cash crop in the spice category, thrives in the districts of Sangli, Satara, Hingoli, Nanded, and Parbhani in Maharashtra. According to APEDA, the combined turmeric production of Telangana and Maharashtra contributes to over 50 percent of India’s total, with 8,89,000 tonnes. Telangana adds 2,94,560 tonnes to the spice basket, while Maharashtra contributes a substantial 1,90,090 tonnes. This spice, well-suited to hot and humid climates, flourishes with moderate rainfall and ample sunlight.
As the market dance unfolds, the Mumbai market sets a stage with a minimum turmeric price of $1,81 per kg, a maximum of $2,41, and a model price of $2,11. Meanwhile, in Jintur, the price spectrum ranges from $1,33 to $1,81 per kg. The turmeric market in Nanded follows suit, with prices oscillating between $1,08 and $1,46 per kg. Farmers, optimistic about this season, dream of fetching prices ranging from $1,20 to $1,81 per kg, a substantial improvement compared to the previous year’s challenges where they had to settle for a mere $0,96.
As the curtains rise on this turmeric drama, Maharashtra’s fields resonate with the promise of prosperity, and the golden spice takes center stage, signaling a season of both abundance and financial growth for farmers.
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