Turmeric prices dropped 0.4% to 13,032, driven by increased acreage due to favorable rains during the current sowing season.
Daily arrivals rose to 13,660 quintals, reflecting higher availability. Preliminary estimates suggest acreage for 2024-25 may rise 15-20% compared to last year, with 3.30 lakh hectares under cultivation.
However, untimely rains may reduce productivity. New crop yields are expected to be 10-15% lower, especially in the Nanded region.
Trade volumes remain robust, with 50-55% of the season’s crop already traded. Exports rose 8.37% to 34,162.28 tonnes during April-May 2025.
