World · India Bureau
Turmeric prices surge past ₹23,000 per quintal on drought concerns
Turmeric prices have crossed ₹23,000 a quintal in Erode's key markets, driven by acute drought conditions affecting major growing regions across western and southern India. The price spike reflects tightening supplies as adverse weather impacts output in critical cultivation zones.
LSN India ·
Turmeric quotations at Erode's commodity exchanges have breached the ₹23,000-per-quintal mark, marking a significant rise in the spice's cost across India's largest trading hub. The surge has been primarily attributed to prolonged drought conditions affecting key turmeric-producing regions, which has constrained fresh supplies entering the market.
Major turmeric cultivation areas facing water stress include Marathwada in Maharashtra, Nizamabad district in Telangana, and parts of Tamil Nadu. These regions collectively account for a substantial share of India's turmeric production, making the weather-induced supply disruption a critical factor in price determination across domestic and export markets.
Drought-induced production challenges typically translate into elevated prices during harvest and post-harvest periods, as reduced yields limit the quantum of material available for processing and sale. Market participants have cited moisture deficiency as the primary pressure point affecting crop quality and yield expectations in current season assessments.
The price movement at Erode, traditionally considered a price-setting centre for Indian turmeric, carries broader implications for both domestic consumers and export-oriented traders. Sustained pressure on supplies could maintain upward momentum in the weeks ahead, subject to rainfall patterns and crop assessment updates from affected districts.