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Turmeric in a Nutshell.
Turmeric is a medicinal spice with a history of 5000 years. Its scientific name is Curcuma Longa. Turmeric belongs to Zingiberaceae, the family of Ginger which is an age-old herb plant, largely cultivated in parts of Southeast Asia.
Turmeric is mainly used to flavour and colour foodstuffs. It is an essential ingredient used in several medicines and cosmetics.
India is the largest producer of turmeric globally. The country produces nearly 80-85% of the world's total turmeric. Major turmeric producing states in India the southern states of Andhra Pradesh, Tamil Nadu and Karnataka, the eastern states of Orissa and West Bengal and the western state of Maharashtra.
The turmeric crop in India is planted during the May-August season. Harvesting of the crop starts from December to March. The arrival of turmeric to markets generally starts from February and extends till May.
One salient feature about the turmeric crop is that its plant cannot stand water logging or alkalinity.
Do you know that India is the largest producer, consumer and exporter of turmeric? The consumption of turmeric is massive in India that majority of the commodity produced is locally consumed. Other major turmeric producing countries include Bangladesh, Pakistan, Sri Lanka, Taiwan and China.
Indian turmeric is considered to be of the best quality due to its high curcumin content and thus it is increasingly used in medicinal and cosmetic applications.
Major turmeric exporting countries are India, Thailand, Taiwan, several other Southeast Asian, Central and Latin American countries.
The major turmeric importing countries include Japan, Sri Lanka, Iran, UAE, US, UK and Ethiopia.
In India, several varieties of turmeric are produced. They include Alleppey Finger (Kerala), Erode and Salem Turmeric (Tamil Nadu), Rajapore and Sangli Turmeric (Maharashtra) and Nizamabad bulb (Andhra Pradesh). Alleppey, Rajapore and Erode varieties are mainly exported from India.
The major trading hubs of turmeric in India are mainly Nizamabad and Duggirala (Andhra Pradesh), Sangli (Maharashtra) and Salem, Erode, Dharmapuri and Coimbatore (Tamil Nadu).
Turmeric is also traded in the Indian commodity futures market at the National Commodity and Derivatives Exchange Ltd (NCDEX).
The major turmeric trading markets in India are the following:
(Andhra Pradesh) Nizamabad and Duggirala
(Tamil Nadu) Salem, Erode, Dharmapuri and Coimbatore
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