TURMERIC: India Is the Largest Producer, Consumer and Exporter Of
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TURMERIC: India is the largest producer, consumer and exporter of turmeric in the world. Indian turmeric is considered to be the best in the world market because of its high curcumin content. India accounts for about 80 per cent of world turmeric production and 60 per cent of world exports.The important turmeric growing States in India are, Telangana, Tamil Nadu, Orissa, Maharastra, Assam, Kerala, Karnataka and West Bengal. The market is expected to be valued at more than US$ 1,300 Mn by the end of 2027 the forecast period and is expected to account for a revenue share of little more than 4% by 2027 end. Turmeric has been put to use as a foodstuff, cosmetic, and medicine. It is widely used as a spice in South Asian and Middle Eastern cooking. Turmeric (Curcuma longa) is native to Asia and India. Turmeric is very important spice in India, which produces nearly entire whole world’s crop and consumes 80% of it. India is by far the largest producer and exporter of turmeric in the world. Turmeric occupies about 6% of the total area under spices and condiments in India. Turmeric has been India’s golden spice for the past five centuries. It is one of those few Indian products having both commercials as well as mythological significance. Turmeric is used not only in the culinary item but also as cosmetics in almost every Indian household. Turmeric has been used in Asia for thousands of years and is a major part of Ayurveda, unman, and traditional Chinese medicine. It is used in chemical analysis as an indicator of acidity and alkalinity.The report's analysts forecast the turmeric market in India to grow at a CAGR of 0.97%, in terms of consumption, for the period of 2014-2019 Initiatives of Govt. of Telangana for Promotion of Turmeric Spice Park To encourage turmeric growers of Nizamabad belt to make export oriented value added products and to withstand the fluctuations in prices, Govt of Telangana proposed a spice park in Nizamabad district Accordingly, Formation of Farmers Producer Organization (FPO) would help farmers come together for marketing of the turmeric powder by utilizing the facilities in Spice Park. Effective branding of turmeric by farmers helps in making the local product stand out and realize a better price. Bulk packs can be marketed through an outlet in the Spice Park to cater to the needs of wholesale traders and institutional consumers such as hostels and hotels. With an objective of supplying unadulterated quality food products to consumer providing remunerative prices to turmeric and chilli farmers, a spice processing unit is being established at Dulapally village, Quthbullarpur Mandal, Ranga Reddy district in an area of 15.56 acres by Telangana State Horticulture Development Corporation Limited (TSHDCL). Central Food Technology Research Institute (CFTRI), Mysore is providing technical support for establishment of this unit. It is to be noted that farmers adopt practices strictly based on the benefit cost ratio, which have been imbibed through years of cultivation experience. Even though it is argued that the potential yield is not realized, farmers stick to this template and try to market the produce as early as possible during February-March months. The cost of seed from the previous crop has been captured in the calculations. However, the opportunity cost of land in case of lease out has been deliberately not included in the costs. In case, imputed cost of land is to be added, an amount of Rs.10,000/- per acre has to be added to cost of cultivation. The cost of one quintal (100 Kg) of fresh turmeric production comes to Rs.759 and of dry turmeric is Rs.4641 In the last four years 2, 57,930 quintals of turmeric was purchased at the Nizamabad district market and 14 lakh quintals this seasons. • 2017-18 Telangana around 44,000 hectares under turmeric cultivations. • The farmers of Armoor, Jakranpally, Velpur, Kammarpally, Morthad, Balkonda, Nandipet mandals are habituated to cultivate turmeric since decades. Two varieties of turmeric -- kadi (finger) and gola (bulb) is produced in the district, which is high in demand in Maharashtra, Gujarat and Delhi. Bamboo produts: Woolen produts : .