THE continuous weakness in turmeric prices over the past two years has prompted farmers to turn away from producing the spice Low prices have led to a decline of almost 25% in acreage under the crop in 2007/08 from a year earlier…READ MORE
SLACK demand, plentiful carryover stocks and the prospect of a good monsoon have been keeping Indian turmeric prices low, with some traders expecting further price decreases. Stocks are reportedly building up in major centres such as Sangli, Erode and Nizamabad…READ MORE
SLACK demand, plentiful carryover stocks and a good monsoon have been keeping Indian turmeric prices low, with some traders expecting further price decreases. The average monsoon predicted this year is likely to add further bearishness to the turmeric market…READ MORE
THE value of India’s spices exports grew by a healthy 36% during the recently completed 2006/07 season, boosted by greater efforts to become a global processing hub. India exported 51,500 tonnes of turmeric valued at Rs1.64bn in 2006/07…READ MORE
INDIAN turmeric prices are increasing on the futures market while the spot price is decreasing. Farmers were not bringing supplies to the market, pushing up futures prices…READ MORE
INDIAN turmeric prices are under pressure due to high production, which is resulting in farmers ceasing to sell their produce. The country’s turmeric production is estimated at 4.925m 70kg bags, well above estimated production…READ MORE
WITH the new crop in India set to start coming in by mid-January, traders expect that the turmeric market could head for a downturn later this year. India’s second-largest turmeric producing state Tamil Nadu reported that rains inflicted some crop damage, but it is not likely to affect the overall estimated crop production…READ MORE
Higher production of turmeric in India next year is likely to pull down prices by over 20%. Indian production is estimated between 5.2m and 5.5m 75 kg bags against last year’s 4.7m bags, up by 15%…READ MORE
A SMALLER sown area and unseasonal rains have combined to drive up turmeric prices in major Indian markets, both for local sale and export. Turmeric exports from India, which supplies more than 90% of world demand, were 41,580 tonnes valued at Rs1.54bn in 2004/05, compared with 29,950 tonnes worth Rs1.19bn a year earlier…READ MORE
IN spite of heavy rains damaging more than 200 bags of turmeric in the major producing areas of Dugirala and Sangli in late September and early October, prices are generally expected to remain bearish. Turmeric is cultivated on 18m hectares across India, yielding a total of 70m tonnes. The southern Indian state of Andhra Pradesh […]