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Article: Indian turmeric price starts to recover

15 July 2020

The Indian spot fob turmeric price fell to INR5,551.1 per quintal (USD73.5/quintal) at the Nizamabad market (Telangana state, South Central) on June 29 2020, 8% more than on June 1.  

 The Indian government decided to extend the lockdown until June 31 and most traders are boosting sales. 

The country's global sales increased by 38.6% year-on-year in volume to 22,490 tonnes and by 31.8% in value to USD35.3 million from January-February 2020 , according to the Indian government.  

The updated daily futures market prices on NCDEX was:

  • Deliveries in June 2020 closed at INR5,448/quintal on June 19, 3.0% more than on May 20.  
  • INR5,821/quintal for deliveries in July 2020 on June 26, 10.6% more than on June 1. 
  • INR5,860/quintal for deliveries in August 2020 on June 26, 11.0% more. 
  • INR5,888/quintal for deliveries in September 2020 on June 26, 11.1% more.
  • INR5,916/quintal for deliveries in October 2020 on June 26, 11.3% more. 

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