Turmeric Prices

India needs to implement targeted interventions to stabilise turmeric production and empower farmers to achieve its goal of USD 1 billion in turmeric exports by 2030, according to a report released by ICRIER-Amway. The report, released a day after the launch of the National Turmeric Board in Telangana's Nizamabad, outlines strategies to strengthen India's position as a global turmeric producer and exporter, ICRIER Director Deepak Mishra said after unveiling the report on Wednesday. Establishing a single nodal agency like the National Turmeric Board can ensure quality standards, traceability and streamline certification and testing processes, the report added. Once the domestic quality and standards are in order, signing mutual recognition agreements for standards and certification for both fresh and processed turmeric with key export markets can reduce the compliance burden and enhance trade. "Subsidies should be linked to help develop high-end product value chains," the report ...

Commerce Minister Piyush Goyal formally launches National Turmeric Board

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Usually, turmeric is grown over 290,000-330,000 hectares of land

Finds that even though prices vary between different grades, overall price trend remains more or less same, making the availability of reference price crucial

Mantra Spices brand includes turmeric, chilli, cumin and coriander powders, and a range of blended masalas; firm plans to tap 200,000 outlets by this year end, 500,000 in next three years

Spice for delivery in August contracts traded lower by Rs 238 or 2.88%