Tuesday, 24 February 2015


Turmeric showed more than 11 percent gains on weekly basis on seasonal demand from north India and crop damage reports from south India. There is news on crop damage from the Karnataka and Andhra Pradesh.

·    The area in Telangana increased to 44600 ha. against 43100 ha. last year.

·    As per reports from Spice Board of India, the estimated exports of Turmeric during April-September 2014 was pegged at 43000 MT, up by 10% same period previous year in quantity and 15% in value terms, same period in 2013.

·    The export target for the 2014-15 is 80,000 tonnes according to Spice Board.

·  43000 MT demand already raised in April-September 2014 so remaining demand to be fulfilled is 37000 MT but the standing crop expectations are less then this demand due to damage and crop loss. Which also indicates increase in price of the new crop. However supply will increase from March.

·   There is good demand from retailers and traders at lower prices.


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