| Date: |
27-05-2011 |
| Subject: |
Turmeric Price Fall May Pause With Resumption Of Exports To Japan |
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The trend of falling prices in turmeric market may halt as exports to Japan have resumed. The export orders, which had come from Japan before the earthquake, are now being dispatched from the various producing centres of the country.
The international demand for turmeric from West Asia, Japan, Europe and US has also now begun to resurface. With resumption in export demand, turmeric is not expected to see any further downside.
The prices of turmeric have seen 50 per cent fall in the last five months. In January, turmeric was trading at Rs 16,822 and is at present trading at Rs 8,430 per 100 kilogram.
Traders hope that the current level, with the help of exports market reviving, will be sustained. However, if it does fall sharply and go below Rs 60 per kilogram, then farmers will not bring their produce into the market as they will then have to incur losses for their produce, as the total cost of production for a kilogram of turmeric is Rs 60 to Rs 65 per kilogram.
Source : Sify.com
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