Natural Spices By Hindustan Global

TURMERIC:
Turmeric prices remained stable with thin arrivals and limited offtake during the last week. The traders preferred to wait for the new arrivals to pick up. The new arrivals have started in Nizamabad and Erode but the same had been limited during the last week. The crop size of turmeric this year is expected to be at the same level as that of the last year coupled with low carry-over stock. Since the period of the coming couple of months is the demand period from domestic and international markets and with the bullish sentiments prevailing in the market due to lower total supply this year, the price of turmeric is expected to stay firm.

CHILLIES:
The chilli market is likely to rule firm on the back of less crop size this season. The commodity which witnessed damage due to untimely rainfall in the major producing regions of Karnataka and Andhra Pradesh may see an overall decline of around 20-25 per cent in output. According to traders, Karnataka saw only 40 per cent of the last year s crop where as Madhya Pradesh reported a decline in production at 1.8-2 million bags (each of 40 kg) against last year s 2.8 million bags. Similarly, Andhra Pradesh could see production dipping by around 15 per cent. There is hardly any crop from Maharashtra and Karnataka. It is going to have its impact on chilli prices in Andhra Pradesh where the arrival will pick momentum soon.