INDIAN turmeric farmers have decided to launch a web portal to deal directly with buyers and shore up prices by cutting out middlemen. This season is quite bleak. Every farmer will suffer huge losses as the prices cover only less than half of the total cost of production. Middlemen procure a tonne of turmeric from […]
INDIAN turmeric prices weakened in the week to December 1 but showed some recovery on Monday. December 1, turmeric spot prices in Nizamabad eased by Rs2.04 from a week earlier to Rs4,998 per 100kg on dull demand. Exporters lacked any fresh orders keeping the counter weak…READ MORE
INDIAN spice dealers are expecting a weak trend in turmeric prices in the coming weeks on slack demand but their counterparts in Europe are struggling to gauge the future price direction. Indian turmeric prices have regularly hit lows in recent months. On October 17, Indian turmeric futures hit a fresh contract low for the second […]
SPICE dealers in India have often forecast a firming turmeric market this year but their counterparts in Europe have indicated that the forthcoming price trends are not so easy to assess. A sharp fall in India’s planted area to turmeric. In view of the poor monsoon rains it was open to debate whether the country […]
TURMERIC led an upsurge in Indian spice prices on June 20 due to renewed fears of a fall in output this kharif season. Turmeric price has moved 4% up on stockists buying amid concern of lower output. Scanty rains, so far in key growing regions, also raised concerns over the growth of the sown crop…READ […]
INDIAN spice exporters hope that they can overcome weak demand in the US, Europe and other origins to repeat the past fiscal year’s volume exports but know it will not be possible to match 2011/12’s record income of over $2bn. Turmeric shipments jumped 61% to 79,500 tonnes. High prices triggered bumper harvests of turmeric in […]
INDIAN turmeric is expected to see a drastic fall of 50 to 60% in planted area this year, due to a sharp fall in its price, with farmers having suffered heavy losses The production cost was Rs40 (71¢) a kg but the current market price was Rs30 to Rs35 a kg…READ MORE
INDIAN turmeric prices eased in the week to February 25 due to higher arrivals and low domestic demand. Turmeric farmers in Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra were also preparing another protest over the low levels of prices…READ MORE
INDIAN turmeric farmers have been urging the government to set a minimum support price for the spice but it is anticipated that their hopes will not be met. India has started harvesting its new crop turmeric and output is pegged to reach 675,000 tonnes, up from 525,000 tonnes in 2011…READ MORE
The handful of districts that grow turmeric and the 1.5m farmers need bank loans on their produce and also storage facilities. In 2011, turmeric prices averaged Rs3,500 ($64) per quintal compared with an unprecedented Rs18,000 a quintal in 2010…READ MORE