As per AgriWatch intention, current year Turmeric sowing area may go down in AP, Telangana and Maharashtra as other competitive crops like Cotton and Maize prices are comparatively higher and both crops are short duration crops. In Tamil Nadu as of now 65% to 70% sowing has been completed as growing regions received good rainfall. In Nizamabad, Turmeric sowing completed around 85% to 90% till now. In Maharashtra, Turmeric growing regions like Sangli, Basmat, Hingoli, Nanded around 90% to 95% sowing completed.
As on 12th July 2022, Turmeric NCDEX quality prices at Nizamabad benchmark market continued at INR 8,000 per quintal steady compared to previous week. Last year in the same period it was INR 7,600 per quintal. AgriWatch expects prices to move in a range between INR 8,000 – 8,400 per quintal in the coming days. AgriWatch expects farmers may hold their stocks in expectation of further increase in price.