Turmeric Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page 1
Turmeric Outlook – September 2023
Turmeric is an important spice grown in India since ancient times. It is referred as Indian saffron and commonly called as Haldi. India is the largest producer, consumer and exporter of turmeric in the world. The global production of turmeric is around 11 lakh tonnes per annum.
India dominates the world production scenario contributing 80% followed by China (8%), Myanmar (4%), Nigeria (3%) and Bangladesh (3%).
In 2022-23, India had exported 1.70 lakh tonnes of turmeric compared to 1.53 lakh tonnes in the previous year. Major turmeric importing countries from India are Bangladesh (34,523 tonnes), UAE (18,980 tonnes), Iran (12,223 tonnes), Morocco (10,663 tonnes), USA (7,009 tonnes) and Malaysia (6,829 tonnes). Currently a good export demand is seen in the global market, particularly from the USA, UK, and Malaysia, due to the lower price range in the Nizamabad market as compared to the previous year.
The major states producing turmeric in India are Telangana, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Madhya Pradesh and West Bengal. Major turmeric growing districts in Telangana are Jagtial, Nizamabad, Nirmal, Warangal and Mahabubabad. According to Telangana State Government 3rd advance estimates, turmeric production in 2022-23 is at 1.60 lakh tonnes from 0.23 lakh ha (0.56 lakh acres) with productivity of 7080 Kg/ha (2865 Kg/acre).
Table 1: Turmeric Arrival Scenario in India (in bags of 65 Kg each)
Market % Change over Previous
week
27th August to 1st
September 2023 20th August to 26th
August 2023 27th August to 1st September 2022
Nizamabad -32 4 0 -17.99
Warangal 8,500 1,300 0 19,600
Salem 12,500 1,250 0 23,900
Erode 4,500 0 52.2 10,700
Duggirala -32 4 0 -17.99
Sangli 8,500 1,300 0 19,600
Source: www.agriwatch.com
Turmeric Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page 2
Table 2: Turmeric Spot Prices (Rs/q) State Market Grade
% Change
Over Previous
Week
01-Sep- 23
25-Aug- 23
01-Aug- 23
01-Sep- 22 Telangana Nizamabad Nizam
quality -2.17 13500 13800 12200 7600
Double polish finger
Unchanged 14500 14500 12400 8000 Gattah
(unpolish ed)
-4.00 12000 12500 11600 6600
Gattah (double polished)
-3.70 13000 13500 12500 7100
Warangal Finger -2.54 11500 11800 10400 NA
Round -2.63 11100 11400 10000 NA
Tamil Nadu
Erode
Finger -7.30 12700 13700 13000 7500
Gattah -8.15 12400 13500 12900 6500
Sellem -2.03 14500 14800 13300 9000
Coimbatore Bulb Unchanged 10500 10500 NA 6500 Finger Unchanged 12500 12500 13000 7500
Salem Bulb -- NA NA 8100 7160
Finger Unchanged 11000 11000 10900 5900 Andhra
Pradesh Duggirala
Bulb Unchanged 11990 11990 11881 6431
Bilty Unchanged 11000 11000 10900 5900 Finger Unchanged 11990 11990 11881 6431
Maharashtra
Sangli
Rajpuri/S alem Finger
6.45 16500 15500 16000 8500
Rajpuri
Medium 3.45 15000 14500 14000 7300
DesiKada
ppa Unchanged 14000 14000 14000 6000 Nanded
Turmeric Finger
Polished Unchanged 13000 13000 13000 6200 Turmeric
Bulb Polished
-6.67 14000 15000 15000 6500
Turmeric
Mix -15.00 17000 20000 20000 7500
Source: www.agriwatch.com
Turmeric Outlook, September 2023
Agricultural Market Intelligence Centre, PJTSAU Page 3
Table 3: Turmeric (Bulb and Finger) Prices at Nizamabad Market in August 2023
Date
BULB FINGER
Arrivals (Qtls)
Maximum Price (Rs/q)
Minimum Price (Rs/q)
Modal Price (Rs/q)
Arrivals (Qtls)
Maximum Price (Rs/q)
Minimum Price (Rs/q)
Modal Price (Rs/q)
1 1,023 12,666 7,206 10,660 898 13,348 5,006 11,326
2 1,198 12,636 5,000 10,733 2,480 13,219 5,000 10,500 3 8,006 13,000 8,006 11,994 1,438 13,881 5,006 11,500 4 1,006 12,979 7,149 12,200 1,853 13,589 5,049 12,000
7 825 12,125 7,006 10,555 729 12,438 5,349 10,410
8 994 12,433 8,095 11,501 896 13,525 5,506 11,589
9 1,183 12,689 8,006 11,006 895 14,375 8,151 11,111
10 1,442 12,818 7,585 11,500 986 13,119 5,454 12,050
11 1,106 12,700 5,353 10,250 626 15,005 5,311 10,485
14 370 12,540 5,149 10,800 853 13,500 5,150 10,885
17 681 12,525 5,006 10,150 969 14,000 5,050 10,565
21 964 12,265 4,500 11,400 1,205 13,500 5,056 11,100
22 427 12,589 7,006 11,511 1,235 14,024 5,006 11,289
23 596 12,589 5,527 11,011 1,085 13,120 6,016 11,989
24 1,296 12,455 6,011 11,656 1,486 13,578 5,500 11,665
25 520 11,888 9,090 11,373 783 13,501 7,200 11,619
28 1,076 12,095 7,006 10,200 1,538 12,889 5,050 11,250
29 746 11,666 6,000 9,445 756 11,725 7,227 10,685
30 598 11,865 7,006 10,869 476 13,329 8,006 11,200
Source: http://tsmarketing.in
Firm sentiment was observed in the Turmeric markets during last month. Turmeric exports during the June month reported 23,039 MT down by 8.21% from the previous month but still on the higher side in the last three years with continual demand majorly from China, Bangladesh, USA and UAE. This demand is expected to continue during the next month as well.
Sowing has been almost completed in all the Turmeric growing states and with deficit rainfall during June (peak time of sowing), sowing acreage has been down by 15% from the previous season. Improved weather conditions are likely to support the crop situation. Next 15-20 days is crucial in terms of Turmeric yield and crop scenario.
Under these circumstances, Agricultural Market Intelligence Centre, PJTSAU expects that Turmeric may trade in price range between Rs. 10700 – 11000 per quintal during September 2023.
