Turmeric prices rose by 2.45% to ₹13,394, driven by lower-than-expected arrivals and strong buying interest. Export performance was positive, with shipments reaching a four-year high.
From April to December 2024, turmeric exports rose 13%, reaching 1,36,921 tonnes. December saw a 46.94% YoY surge, reflecting global demand.
However, new crop yields are projected to be 10-15% lower, especially in the Nanded region. Despite a 10% increase in turmeric acreage, production may not rise proportionately due to untimely rains affecting productivity. Imports rose by 84.35% between April and December 2024, reaching 19,644 tonnes.
