The state of Maharashtra, with over 278 thousand metric tons, was the leading producer of turmeric in India during fiscal year 2023. Telangana and Karnataka were second and third in the ranking during that year.
The value of turmeric in the Indian economy
Often referred to as the Indian saffron, turmeric is known to possess healing properties. As one of the most multifaceted spices, it holds anti-inflammatory and wound healing qualities. It is due to these reasons that turmeric is in high demand in the domestic and the international market. In 2020, with exports worth more than 225 million U.S. dollars, India was the leading exporter of turmeric worldwide. Turmeric added value of about 43 billion rupees to the Indian economy.
Pricing of turmeric in India
The pricing of turmeric, just like any other agricultural commodities depends considerably on the seasonal patterns and market arrival. Since turmeric is a Kharif crop, its peak arrival season lies between March and April. In the financial year 2021, the price of turmeric in the southern city of Chennai was over 118 rupees per kilogram. Over the past few years, slight fluctuations in the price were seen.
Estimated volume of turmeric produced across India in financial year 2023, by state
(in 1,000 metric tons)
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Spices Board. (May 23, 2023). Estimated volume of turmeric produced across India in financial year 2023, by state (in 1,000 metric tons) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/870963/turmeric-production-by-state-india/
Spices Board. "Estimated volume of turmeric produced across India in financial year 2023, by state (in 1,000 metric tons)." Chart. May 23, 2023. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/870963/turmeric-production-by-state-india/
Spices Board. (2023). Estimated volume of turmeric produced across India in financial year 2023, by state (in 1,000 metric tons). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/870963/turmeric-production-by-state-india/
Spices Board. "Estimated Volume of Turmeric Produced across India in Financial Year 2023, by State (in 1,000 Metric Tons)." Statista, Statista Inc., 23 May 2023, https://www.statista.com/statistics/870963/turmeric-production-by-state-india/
Spices Board, Estimated volume of turmeric produced across India in financial year 2023, by state (in 1,000 metric tons) Statista, https://www.statista.com/statistics/870963/turmeric-production-by-state-india/ (last visited November 09, 2024)
Estimated volume of turmeric produced across India in financial year 2023, by state (in 1,000 metric tons) [Graph], Spices Board, May 23, 2023. [Online]. Available: https://www.statista.com/statistics/870963/turmeric-production-by-state-india/