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Rain during December hits quality
Production has gone up, export comes down
COIMBATORE: Turmeric farmers have been asked to sell turmeric immediately since the price is not expected to increase.
According to a release from the Domestic and Export Market Intelligence Cell of Tamil Nadu Agricultural University, the price will remain stable for three months.
Though there might be a slight increase during June-end, it will again drop. Rain during last December led to deterioration in the quality of turmeric. Turmeric arrivals from Andhra Pradesh and Karnataka have decreased. Quality of turmeric stocks and export demand are the main factors that determine the price.
Last year the price of turmeric in June was Rs. 15,000 a quintal. This year, it is down to between Rs. 6,500 and Rs. 7,500.
The downward trend is due to 25 per cent increase in turmeric area, increased production, and reduced export quantity.
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