Overview
- Indian turmeric shipments to Gulf and other West Asia buyers have been curtailed by the US–Israel–Iran conflict, pushing farmgate prices to Rs 10,000–11,000 in Telangana and about Rs 13,000 in Marathwada.
- In Marathwada, Shiv Sena legislator Hemant Patil said exports from Hingoli and nearby districts have stopped, while trader Prakash Soni reported a drop from Rs 16,500 to Rs 13,000 per quintal.
- Farmers in Telangana report traders forming buying groups that pay less and stockpile turmeric in warehouses and cold storage to wait for a rebound.
- Government trade data show turmeric exports were worth USD 341.54 million in 2024–25, with Maharashtra contributing USD 155.35 million, and shipments typically move through processing hubs in Tamil Nadu and Kerala.
- India grows roughly 70% of the world’s turmeric, with Telangana and Maharashtra among the top producers, and Hingoli’s Vasmat variety gained a GI tag in 2024, leaving local growers exposed when exports slow.