Indian turmeric market outlook

As per market estimates, the production area of turmeric in 2021 and 2022 was higher due to reasonable turmeric prices during 2021. However, the production may not be higher due to adverse weather conditions during the growing and ripening season. Thus, the production may be lowered by around 15~20% at 80,000 ~90,000 MT in 2021 and 2022 combined.

New arrivals will be delayed in 2022 due to heavy rains in the growing areas, particularly Maharashtra and Telangana, where production yield is expected to be lowered. The new turmeric crop is expected to hit the market by the first week of February 2022 due to the rains in October and November, which delayed harvesting and post-harvesting procedures by two to three weeks. There is a bullish mood since export demand is strong and had export demand from all quarters, particularly in Bangladesh and Gulf countries.