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Turmeric prices likely to rule Rupees 5,800 per quintal
About 60 per cent of India’s total turmeric production comes from Andhra Pradesh. Given the expectations of bumper production this year, prices may be volatile. Demand remains lack luster, with only few up countries orders.
About 60 per cent of India’s total turmeric production comes from Andhra Pradesh. Given the expectations of bumper production this year, prices may be volatile. Demand remains lack luster, with only few up countries orders.
The turmeric crop in Maharashtra is set for harvest and arrivals are expected to flood the markets is the state in the next few weeks. Turmeric production in the current season is estimated to be higher then last year due to increased acreage and favourable weather conditions during most of the growing stage.
Normal area is expected under turmeric this year. Under the circumstances, the Agricultural Market Intelligence Centre of S. V. Agricultural College, Tirupati has forecasted the prices of turmeric harvest period using the modal prices of Nizamabad market. The results of the analysis indicated that the prices per quintal would range between Rs.5500 and Rs. 6000 in January, 2018.
