NIZAMABAD: Commencement of sale of turmeric in Sangli market yard is having its impact on turmeric prices in Telangana state. Sangli is the biggest turmeric market yard in India and it dictates the price structure in markets where turmeric sales are high.
As a result, turmeric arrivals doubled in Nizamabad yard on Friday with farmers hoping better prices brought the produce.
Sangli market is considered as a cluster for turmeric exports. Major exporters are headquartered in Mumbai and they purchase stock from Sangli. Citing inferior quality and moisture content in turmeric, the traders offered merely Rs 4,500 per quintal in the Nizamabad market yard in the current season.
At Sangli, traders offered Rs 7,500 per quintal on Thursday and the maximum price touched Rs 7,086 in Nizamabad market yard. The average price of turmeric stands at Rs 5,750 per quintal. Turmeric is being cultivated in Nizamabad, Jagitial and Nirmal districts and farmers brought it to the Nizamabad…