Turmeric Prices Gain on Limited Supplies

Turmeric prices increased by USD 1,20 per quintal following delays in supplies from producing regions and stronger demand from powder manufacturers. Higher demand from consuming markets combined with restricted supplies led to an increase in turmeric prices. In South India’s producing regions, Erode double-polished bale prices rose by USD 2,40-3,60 per quintal. As a result, prices in Erode markets ranged between USD 168-180 per quintal.

Salem pods held steady at USD 180-192 per quintal, while Salem Fali Double Polished Top reached USD 192. In Nizamabad Mandi, turmeric prices for double-polished Gatta Bilti goods strengthened due to consistent buying interest. Similarly, in Sangli Mandi, Maharashtra, Rajapuri pods were quoted at USD 192. Buying activity from grinders at lower price levels also lifted turmeric Erode Gaddhatha prices by USD 1,20 per quintal, now ranging at USD 162-167 per quintal. Mini Salem pods held firm, trading at USD 175-181 per quintal.

Stock Release and New Crop Arrivals

Stockists have started releasing turmeric stocks gradually, expecting an increase in consumption. The arrival of new turmeric crops in South India’s producing regions is likely to begin in the second half of January. New red chilli crops are also expected to reach Guntur and Warangal markets in January. Meanwhile, farmers in cumin-growing areas of Rajasthan and Gujarat have shifted their focus to sowing activities.

Conclusion

Turmeric prices rose due to restricted supplies and increased buying from powder manufacturers, while cumin and tamarind prices faced downward pressure from limited demand and active selling. With new crop arrivals expected in January and ongoing sowing activities, markets are likely to remain active in the coming weeks.





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