Turmeric prices in India have increased by Rs 200-300 per 100 kgs in primary agricultural markets. There are fears of lower production this year.
The Erode (Tamil Nadu) Turmeric Merchants Association President stated: “Prices have increased in the last 2-3 days across all centres. In some places, prices are up as high as Rs 400. Demand usually picks up after January 15 and this increase can be related to it.”
A trader from Nizamabad added: “Prices had bottomed out last year. They have gained now as turmeric production is expected to be 10 percent due to lower cultivation. Poor prices last year were a dampener on growers.”
According to Ministry of Agriculture data, prices of finger variety turmeric almost touched Rs 6,000 on January 12 against Rs 5,640 a week ago at Erode in Tamil Nadu.
In Nizamabad, another major turmeric trade centre in Telangana State, the finger variety turmeric ruled at Rs 5,815 per 100 kgs against Rs 5,532 a week ago.
[ Rs100 = €1.10 ]
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