Turmeric market report

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Transcript of Turmeric market report

  • DECODING

    IN THE 21ST CENTURYSPICES

    Jan 21st 24th, 2016Hotel Grand Hyatt Goa, India

    Turmeric Crop ReportMr. Sanjeev Bisht, ITC Ltd.

  • Crop Reports 2016

    Content

    2

    PRICE TRENDS

    MARKET SITUATION

    FOOD SAFETY & SUSTAINABILITY

  • Crop Reports 2016

    Turmeric World Scenario

    3

    Supply

    Demand

    83

    CHINA

    INDIA

    1

    3

    98 (000 MT)

    ETHIOPIA

    4

    INDONESIA

    MYANMAR2

    More than 80% world import catered to by India

    *Source: UN Comtrade

  • Crop Reports 2016

    Turmeric World Scenario

    4

    Supply

    Demand

    USA16

    SOUTH AFRICA

    6

    5

    EU

    4

    98 (000 MT)

    3

    MALAYSIA

    7

    JAPAN

    *Source: UN ComTrade

  • Crop Reports 2016

    Indian Growing Landscape

    5

    ASSAM

    ORISSA

    AP & TELENGANA

    TAMIL NADU

    KARNATAKA

    MAHARASHTRA

    304,000 MT Production in India in 2015

    TAMILNADU

    AP & TELENGANA

    MAHARASHTRA

    KARNATAKA

    OTHERS

    15%

    43%

    26%

    4%

    12%

    STATE CONTRIBUTION

  • Crop Reports 2016

    Crop Status

    6

    TAMIL NADU (ERODE)

    20%

    Sowing Area

    10-15%

    Productivity

    High rainfall resulting in water logging

    Rhizome rot & yield reduction

    AP & TS (NIZAMABAD)

    3%

    Sowing Area

    45%

    Productivity

    Very less rainfall & low ground water table

    Loss in crop & yield

    15% Share

    25% Share

    *Source: Trade Estimates

  • Crop Reports 2016

    Crop Status

    7

    AP & TS (DUGIRALA)

    15%

    Sowing Area

    0%

    Productivity

    Good rainfall received

    Good crop condition

    AP & TS (WARANGAL)

    3%

    Sowing Area

    15%

    Productivity

    Less rainfall

    Yield Reduction

    12% Share

    6% Share

    *Source: Trade Estimates

  • Crop Reports 2016

    Crop Status

    8

    KARNATAKA

    25%

    Sowing Area

    0%

    Productivity

    Sufficient Rainfall

    Good crop condition

    MAHARASHTRA

    15%

    Sowing Area

    40%

    Productivity

    Sangli Crop average Nanded crop poor as compared to

    last year. 40% yield reduction

    4% Share

    26% Share

    *Source: Trade Estimates

  • Crop Reports 2016

    Crop Status

    9

    Region % Contribution Area Trend Productivity

    Trend

    Tamil Nadu 15 20% up -15%

    AP & TELANGANA 43 3% up -45%

    KARNATAKA 4 25% up 0%

    Maharashtra 26 15% up -40%

    Others 12 Marginal Increase 0%

    Overall production for India less by 20% as compared to last year

    *Source: Trade Estimates

  • Crop Reports 2016

    Production Estimate

    10

    0 0

    112

    216183 184

    140320

    462

    574

    378 358

    304 243

    320 462

    686

    594541 488

    383

    0

    100

    200

    300

    400

    500

    600

    700

    800

    0

    100

    200

    300

    400

    500

    600

    700

    2010 2011 2012 2013 2014 2015 2016 (E)

    In M.Kg

    C/F Stock Production Total Supply

    PARTICULARS

    (000 MT)2010 2011 2012 2013 2014 2015 2016 (E)

    C/F Stock - - 112 216 183 184 140Production 320 462 574 378 358 304 243

    Total Supply 320 462 686 594541

    (-12.5%)488

    (-9.8%)383

    (-23%)

    *Source: Trade Estimates

  • Crop Reports 2016

    Production Estimate

    11*Source: Trade Estimates

    PARTICULARS

    (000 MT)2010 2011 2012 2013 2014 2015 2016 (E)

    C/F Stock - - 112 216 183 184 140Production 320 462 574 378 358 304 243

    Total Supply 320 462 686 594541

    (-12.5%)488

    (-9.8%)383

    (-23%)

  • Crop Reports 2016

    Turmeric Food Safety Trends

    12

    0

    2

    4

    6

    8

    10

    12

    14

    16

    Ochratoxin Aflatoxin Pathogen Additives

    Nu

    mb

    er o

    f n

    oti

    fica

    tio

    ns

    Number of notifications in last 12 years

    Over 40% of port notifications related to food safety is due to Aflatoxin

    *Source: RASFF

  • Crop Reports 2016

    Turmeric Cost of Cultivation

    13

    Particulars % Contribution

    Field Preparation 24

    Seed and Sowing 23

    Intercultural Operation 25

    Harvesting and Post harvesting 28

    Total Cost 100

    3 major issues specific in turmeric for sustainability & farmer returnsFuel, Labour and Rhizome Rot

  • Crop Reports 2016

    Turmeric Sustainability

    14

    Mechanized harvestingEnergy PlantationsRhizome Treatment & Tray

  • Crop Reports 2016

    THANK YOU

    15

    For more details contactITC Spices (Sanjeev.bisht@itc.in)