The prices of turmeric were expected to cross Rs.7,500 per quintal during the months of March to May, due to various reasons, according to an analysis by Tamil Nadu Agricultural University.
The analysis carried out by Domestic Export and Marketing Intelligence Cell, revealed that lesser production estimates from the Nation's largest producers, good demand in coming months and also expected less stock at major producing centres, will help to push the price to higher side.
The actual supply and fresh and stored produce will decide the price stability in future, the cell said.
The prices, which were Rs.6,500 to Rs. 7,500 in Feb-April 2013, declined to Rs.5,800 per quintal in the middle and ended the year with a slight increase.
In the beginning, prices witnessed increasing trend and currently it was standing around Rs.6,700 for good quality turmeric.
Indian turmeric production in 2014 is estimated at 35 to 40 lakh bags (75 kg each), of which Andhra Pradesh will contribute 20 lakh bags, Maharashtra 10 lakh bags and Tamil Nadu seven lakh bags.
The stock held at National level was estimated at 35 lakh bags, the Cell said.
