New varieties, districts and States which were not cultivating turmeric earlier, took to cultivation of this tuber crop.
The steep fall in the price of the turmeric from Rs 17,000 a quintal in September 2010 to around Rs 3,200-3,500 a quintal now, has come as a huge blow to the growers.
To control further drop in price levels, growers have been advised to reduce the area under the crop by at least 50 per cent in the coming season.
Farm varsity scientists, after conducting a study of the current demand – supply situation, said the over-supply situation resulted in a price decline.
Rise in area
Reports show that the area under turmeric during the previous season had shot up by nearly 30 per cent.
Apart from a significant rise in area, new varieties, districts and States such as Punjab, which were not cultivating turmeric earlier, took to cultivation of this tuber crop.
Total supplies (opening stock and production) have been estimated at around one crore bags (of 75 kg/bag). The consumption (domestic and export) is estimated at 65 to 75 lakh bags (90 kg each).
Scientists at the Domestic and Export Market Intelligence Cell (DEMIC) in Tamil Nadu Agricultural University said that turmeric from Dharmapuri, Athur and Mysore, flowing into the market yard at present, accounted for about 25 per cent of the arrivals. Turmeric from Coimbatore, Kodumudi, Sivagiri and Erode is expected to arrive in May.
Salem turmeric is said to fetch a better price in Tamil Nadu and varieties such as PTS 10 and BSR have been found to be popular.
Trade sources say that the PTS 10 is a preferred variety in Patna, West Bengal and Varanasi and the varieties from Salem and Nizamabad – are exported to Dubai and Gulf countries.