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Time CalendarMonday, February 19,2018

News & Events

  • Stock as of January is around 0.7 million bags in India which is 50% lower compared to last year. Last year the carry over stock was said to be 1.2-1.4 million bags of 60 kg. High exports of 50000-55000 tonnes in the last season have led to a lower stock in this season. Lower carry over of stocks can surge turmeric price till April when the arrivals peaks.
  • We expect production to be stable to higher than last year. Though area under Turmeric sowing has declined compare to last year. Favorable weather and higher yield will lead to a better than last year crop. Higher export and lower carry over stock can surge the commodity price in the coming months.