Turmeric prices fell by 1.69% to 14,398 due to increased arrivals and sluggish export demand. Total arrivals nearly doubled to 57,500 quintals, affecting prices. However, the downside is limited due to concerns over lower yield projections and slow arrivals in key regions.
The area under turmeric cultivation increased by 10% to 3.30 lakh hectares this season. Still, productivity is expected to fall due to untimely rains and reports of small rhizomes and crop rots, particularly in the Nanded region.
Despite the season’s end, market activity remains robust, with daily trading volumes of 1,000 to 1,200 bags. The Himachal Pradesh government initiated turmeric procurement from May 15 to June 15, encouraging natural farming practices.
