The National Statistical Office (NSO) issued data on Friday that showed that retail inflation, which is based on the Consumer Price Index (CPI), decreased to a 10-month low of 4.85% in March from 5.1% in February, despite high food costs. In the upcoming months, food prices are predicted to stay erratic. In the meantime, the…
Given that export demand is strong despite weak local demand, turmeric prices yesterday increased by 0.14% to 7024 on short covering. In anticipation of additional price declines, farmers and stockists are releasing their stock of turmeric as harvesting has begun in the main growing regions. Over 5,000–7,000, bags arrive on a daily average in the…
This season (October 2022–September 2023), India’s production of chillies is anticipated to increase by 23%, and jeera (cumin) and pepper production are also anticipated to rise. According to reports presented at the International Spice Congress 2023 (ISC 2023), however, turmeric production will probably be lower due to waterlogging of the fields during the monsoon. Jeera…
