Analysis

High Demand and Shipping Costs Lead US Turmeric Price to Increase

Turmeric
United States
Published Dec 23, 2021
The wholesale price of turmeric in the US has increased by +11.61% YoY. US turmeric sold at 13.78 USD/KG, compared to 12.35 USD/KG in 2020. Decreased production in India led to greater tumeric demands in the US in 2021. The US chose, instead, alternative markets, such as Fiji, for their tumeric supply. Despite finding a supplier, limited air freights led to high shipping costs from Fiji, being reflected in the US tumeric prices.
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