Turmeric rain damage
HEAVY rains in India’s major turmeric producing areas of Dugirala and Sangli have damaged almost 20,000 bags (1,400 tonnes) of the spice…READ MORE
Global turmeric prices could be set to increase
TURMERIC prices on the global market could increase in the coming weeks as a poor Indian harvest has failed to meet international demand. Indian said that production for 2006 could begin as early as January, but it is not yet known how large that crop is likely to be…READ MORE
India witnesses larger turmeric production
INDIAN spice traders have estimated a 17% increase in the country’s turmeric output for January 2005 compared with the same month last year. This January’s turmeric crop totalled around 360,000 tonnes, compared with 300,000 tonnes in January 2004. For this reason, turmeric prices are attractively low…READ MORE
India’s spice exports decline
According to the Spices Board of India, the country exported 246,566 tonnes of spices valued at some $415m in 2003/04, compared with last season’s record total of 264,107 tonnes. Turmeric export volumes during the period totalled 20,000 tonnes, worth $16.64m, while coriander shipments reached 19,500 tonnes worth some $9.95m…READ MORE
Large stocks threaten to cut turmeric prices
TURMERIC traders believe that prices are likely to decline over the coming weeks as a good crop combines with large carryover stocks and sluggish demand. One Mumbai broker said that he expected carryover stocks to be around 180,000 tonnes at the end of the current season. Major turmeric farmers in the main growing centres of […]
Indian spice exports on course to meet target
INDIAN spice exports over the first four months of the current crop year have almost reached half of the set target for the 2004/05 season by rising to 131,274 tonnes valued at Rs7.70bn ($164m). Turmeric exports rose to 16,500 tonnes valued at Rs618m, from 10,250 tonnes worth Rs374.7m during the corresponding four months of last […]
Monsoon rains boosts India’s turmeric prospects
INDIAN spice traders are positive about the potential level of turmeric crop plantings due to a favourable first wave of monsoon rains. In late May, the first spell of India’s monsoon rains arrived and last week, the monsoon was advancing normally. Rain was said to have almost covered all of the southern states of Kerala, […]
Turmeric trade worries about India’s harvest
TURMERIC traders are anxiously trying to determine whether the forthcoming Indian crop will be large enough to meet the potential world demand over the course of this year. Last year, Indian turmeric was in very short supply following a drought-reduced harvest but this year the general indication is that the crop should be better than […]
Turmeric traders disagree on monsoon effect
TURMERIC traders are divided over the direction in which prices will go this year as a result of conflicting interpretation of the impact the recent monsoon rains will have on the Indian crop. Domestic demand has picked up and everything was bought last week. Some 90% of Indian turmeric is consumed in India, so stocks […]
Reduced Indian turmeric forecast lifts prices
INDIAN turmeric prices have risen significantly in recent weeks due to fears of a substantial reduction in the forthcoming 2003 crop. India’s turmeric harvest is due to start this month and exporters have already been raising their prices to take into account the smaller production…READ MORE