Turmeric Futures Prices India

June - US$ 3130 (june futures were up by 4%)
July - US$ 3146 (july contracts were up by 4%)

The turmeric prices on today touched the upper circuit of 4%. The prices of turmeric in Indian market has remained higher for last few months and farmers have reaped rich benefits from the higher prices. Last year, turmeric harvest was down due to lower prices during 2008-09 but this year there was estimated increase of 15% in acerage year. India is the world's largest producer and exporter of turmeric. India's turmeric production in 2010 is estimated to be around 350000 tonnes. The turmeric exports for April-feb 2009-10 dropped by 6% to 46000 tonnes from 48850 tonnes during corressponding period last year.

U.A.E., Japan, Iran, Malaysia, U.K., U.S.A., Sri Lanka, Bangladesh, South Africa, Egypt, Germany, Morocco, Netherland, Saudi Arabia, Denmark and Singapore are major destinations for Indian turmeric.