In this episode of the State of the Economy podcast, we delve into the agricultural sector, particularly the spices market, which has experienced significant turbulence in recent years. Last year, we witnessed a surge in jeera prices, doubling due to weather vagaries. Now, turmeric prices are poised to follow suit, mirroring a similar upward trend. Other spices like coriander and dhanya are also witnessing an uptick, attributing their gains to unpredictable weather patterns affecting crop yields. 

 To shed light on the outlook for 2024, businessline’s Subramani Rao Mancombu is joined by Anu V Pai, Commodity Research Analyst, Geojit Financial Services. Pai discusses the factors influencing spice prices, highlighting the role of supply-side constraints and export demands. While turmeric prices are expected to see a rise, uncertainties loom over jeera prices, impacted by increased production in key States. 

 As we navigate through the harvesting season and monitor export and festive demands, the trajectory of spice prices remains uncertain. Listen in to know more.  

Host: Subramani Ra Mancombu; Producer: Nabodita Ganguly

About the State of the Economy Podcast

India’s economy has been hailed as a bright spot amid the general gloom that seems to have enveloped the rest of the world. But several sectors continue to stutter even as others seem set to fire on all cylinders. To help you make sense of the bundle of contradictions that the country is, businessline brings you podcasts with experts ranging from finance and marketing to technology and start-ups

Published on February 28, 2024