MUMBAI (Commoditiescontrol) - Both farmers and traders were anxious owing to the delay in monsoon. However, heavy rains since last night have eased concerns of the farmers to some extent.
Turmeric crop can benefit from the rainfall in Maharashtra and south India. Rainfall is not less than any ambrosia for farmers at the time of sowing.
The arrival in the mandis is continuously decreasing because the farmers are engaged in sowing work. Traders do not have much stock due to which the business is limited in the market.
About 80 to 85 percent of turmeric in Maharashtra has been arrived and farmers prefer to sell the remaining produce on high prices. In southern India too, the arrival is almost complete.
This year, the IMD has foreacst the possibility of monsoon less than normal in key producing areas, which can reduce the prodcution estimates. But the share of sowing in Maharashtra and Tamil Nadu can be increased as farmers benefited from the spice this year, due to which they are being seen to give priority to sowing of turmeric.
This year, sowing of turmeric is expected to increase in Marathwada, Vidarbha and many parts of Khandesh (Jalgaon, Dhule/Dhulia, Malegaon, Aurangabad, Akola, Buldhana) due to which, the crop in Maharashtra is expected to be about one and a half times as compared to last year. But now there is a delay in the sowing owing to the slow progress of monsoon, due to which it can be difficult to guess at this time.
Likewise, in Tamil Nadu, due to the shortage of rainfall in the last few years there was a decline in turmeric crop, but this time according to the Meteorological Department, good rainfall is expected in the state, that has raised hopes of higher prodcution.
According to traders this year there is not much risk to turmeric. If there is a slight delay in monsoon then the prices of turmeric can increase to some extent.
According to reliable sources in the market, 30 to 32 lakh bags of turmeric stock is being seen. Besides, new turmeric crops will take at least 9 to 10 months to come into the market. For the said nine months, there will not be enough stock in the market, which is likely to embolden the chances of uptrend in the coming 3 to 3 months.
However, according to traders sitting in the market, prices can move up to a maximum of Rs 12-15 per kg in the coming time, but in the case of limited stock and better demand, the spice can gain even more, then it should not be surprising.
Stocks of Turmeric
| STATE |
OLD+NEW (Lakh Bag) |
GOVT |
BAGS IN KG |
CONVERT IN 70 KG (Lakh Bag) |
| Warangal - Ksamudram |
3 |
|
65 KG |
2.75 |
| Duggirala |
4 |
0.75 |
70 KG |
4.75 |
| Kadapa |
2.5 |
2.5 |
70 KG |
5 |
| Nizamabad - Vikarabad - Metapalli |
4.5 |
|
60 KG |
3.85 |
| Sangli |
4.5 |
|
55 KG |
3.5 |
| Basmat Nagar - Nanded - Hingoli |
4.5 |
|
50 KG |
3.25 |
| Erode - Mysore |
7 |
|
65 KG |
6.5 |
| Other (Orrisa-W Bengal-Assam-Bihar-UP) |
1.5 |
|
70 KG |
1.5 |
| |
31.5 |
3.25 |
|
|
| TOTAL |
34.75 |
|
|
31.1
|
(By Commoditiescontrol Bureau; +91-22-40015567)
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