A sharp rise in turmeric prices has encouraged Indian farmers to start cultivating the spice a week earlier than normal in order to increase acreage. Average turmeric prices in the Nizamabad spot market in Andhra Pradesh in the January to May period…READ MORE
STRONG demand from overseas buyers and from the internal market has helped keep Indian turmeric values on the firm side recently. In Nizamabad, turmeric arrivals were at 6,000 bags on Tuesday and rates were between Rs5,300 and Rs5,350 a quintal…READ MORE
PRICES of Indian turmeric powder have jumped by around a quarter in the past few weeks to reach record highs as demand remains strong while supplies have been reduced. Turmeric powder is trading at between $1,325 and $1,375 a tonne fob basis, which is a 25% increase in value from a month ago…READ MORE
TURMERIC prices have been moving up in Indian spot markets over the last two months due to good domestic demand, and are expected to remain buoyant because of lower output this season and considerably diminished stocks from the last campaign. Generally, turmeric prices tend to show a bearish trend during the peak arrival season which […]
April to December shipments stood at 334,150 tonnes, compared with 325,320 tonnes in the opening three quarters of the 2007/08 campaign. Turmeric exports were up by nearly 10% to 40,000 tonnes, while coriander sales were up 2% to 19,600 tonnes…READ MORE
INDIA’S spice exports in the first nine months of the 2008/09 fiscal year were marginally higher than the corresponding period of the previous season due to steady demand, but overseas sales are expected to slow in the final quarter due to the global economic slowdown. Turmeric exports were up by nearly 10% to 40,000 tonnes, […]
INDIA lifted its exports of turmeric during the first eight months of the current fiscal year despite a substantial increase in the price of the spice. Shipments of turmeric between April and November 2008 reached 36,500 tonnes against 33,390 tonnes valued at Rs1bn ($20.13m) in the same period a year-ago. The target set for turmeric […]
Turmeric sowing this year is forecast to be 10% higher than that of the last year, although untimely rainfall during last week is expected to affect production. However, even if productivity is affected, it will still be above last year’s crop of 4.4m bags. The influx of new crop turmeric should result in prices declining […]
INDIAN turmeric output could decline by between 12% and 15% this year due to extended rainfall in the monsoon season resulting in excessive field moisture content in the main producing states of Maharashtra, Andhra Pradesh and Tamil Nadu…READ MORE
WEAK export demand led to price falls in a number of key Indian spices on Tuesday. Turmeric futures extended losses on Tuesday on profit-taking driven by sluggish demand and the expected arrival of new crop…READ MORE