Turmeric (Curcuma longa) belongs to the Zingiberaceae family. The commercial part of the plant is its rhizome. It grows in light black, black clayey loams and red soils in irrigated and rainfed conditions with temperature ranging between 20 to 30 degrees. The crop cannot stand water logging or alkalinity. Turmeric is used to flavour and to colour foodstuffs. It is used in cosmetics and in medicines. Turmeric is ready for harvesting in 7-9 months. Sowings start from May end and extend till August whereas arrivals start from December and extend up to March.
India is the world's largest producer of turmeric and produces nearly 80-85% of world's total production, which stands at around 6.0 lakh MT to 7.0 lakh MT per year. Major producers in India are Andhra Pradesh, Tamilnadu, Orissa, West Bengal , Karnataka ,Maharashtra. India is the worlds leading exporter, prime export destinations being UAE, USA, Bangladesh, Sri Lanka, Japan, Malaysia, UK. Major trading centres in India are Nizamabad, Duggirala, Sangli, Salem, Erode, Dharmapuri.
It is an Antidote against poison.
India is the largest Producer, Consumer and Exporter of turmeric. Indian Turmeric is considered to be of best quality due to its high curcumin content and is increasingly getting known for its medicinal and cosmetic applications. As it is a naturally occurring product, it is finding increasing acceptance in the global markets because of which exports have increased exponentially in recent years and this trend is most likely to continue in future. Majority of the Turmeric produced is consumed locally which reflects a healthy local demand.
Factors influencing Prices
India is the world's largest producer of turmeric and produces nearly 80-85% of world's total production, which stands at around 6.0 lakh MT to 7.0 lakh MT per year. Major producers in India are Andhra Pradesh, Tamilnadu, Orissa, West Bengal , Karnataka ,Maharashtra. India is the worlds leading exporter, prime export destinations being UAE, USA, Bangladesh, Sri Lanka, Japan, Malaysia, UK. Major trading centres in India are Nizamabad, Duggirala, Sangli, Salem, Erode, Dharmapuri. It is an Antidote against poison.
India is the largest Producer, Consumer and Exporter of turmeric. Indian Turmeric is considered to be of best quality due to its high curcumin content and is increasingly getting known for its medicinal and cosmetic applications. As it is a naturally occurring product, it is finding increasing acceptance in the global markets because of which exports have increased exponentially in recent years and this trend is most likely to continue in future. Majority of the Turmeric produced is consumed locally which reflects a healthy local demand.
Factors influencing Prices
- Domestic Fundamentals
- World production
- International trading price
- Domestic and Export demand
- Carry forward stocks
- Sowing and Harvesting
- Climatic conditions
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