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Turmeric prices have been weak since the market opened after the Diwali festival due to poor demand and transport workers’ strikes. However, after the price decrease, the market kept stable till November 11; afterward, there was a price increase as the market opened on November 15.

 Price Chart

 Turmeric Finger (Salem, Double Polished) (No.1)

Date Price
November 15 $1, 135 per kg FOB
November 10 $1,130 per kg FOB
November 8 $1,140 per kg FOB

 Turmeric Finger (Nizamabad, Double Polished) (Dubai Quality)

Date Price
November 15 $1,025 per kg FOB
November 10 $1,020 per kg FOB
November 8 $1,030 per kg FOB
November 3 $1,034 per kg FOB

 Turmeric Finger (Nizamabad, Double Polished) (Europe Quality.)

Date Price
November 15 $1,075 per kg FOB
November 10 $1,070 per kg FOB
November 8 $1,083 per kg FOB
November 3 $1,089 per kg FOB

Currently, the NCDEX closed the November price for Turmeric at $97.47 per quintal and December’s price at $99.74 per quintal.

Future

It has been predicted that the future price of Turmeric can be capped due to the expected higher production of the crop. According to the analysts, there will be an increase in crop production in India by 9.64 percent compared to last year.

India produced 446 thousand metric tons for the market year 2020-2021, which is expected to be 489 thousand metric tons for 2021-2022.

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