Bright prospects for turmeric


The arrival of turmeric during 2016 on all-India basis will be the same of the current year.

“The standing turmeric crop is in good condition in Erode district and some other parts in Tamil Nadu. Similarly, the crop condition in other places except Maharashtra and Andhra Pradesh is also in flourishing condition. We expect 45-50 lakh bags would be produced and the year-end stock of 25 lakh bags will make it as 75 lakh bags that will arrive for sale in 2016. The price may remain at ₹9,000-12,000 a quintal next year. The drought in Maharashtra and Andhra Pradesh has caused a dip of 30 per cent production in the two States. If the export improves and also the local demand increased for the yellow spice, certainly the price may increase further,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

On Tuesday, 4,000 bags arrived for sale and 70 per cent stocks were sold for a slightly increased price. The price of the finger turmeric was up ₹100 a quintal and the root variety by ₹200.

At the Erode Turmeric Merchants Association, the finger turmeric was sold at ₹6,604-9,815 a quintal; the root variety at ₹6,385-9,389. Of the arrival of 1,313 bags, 690 were sold.


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