About 48% of these are single spices & herbs, 1% are herbal extract. Prior to the import ban, the price per kilo of turmeric stood at Rs 325 with an import tax of Rs 102. Proponents believe turmeric has antioxidant and anti-inflammatory qualities that help people to boost their immunity to diseases. A senior officer said that of late, the turmeric is in high demand in Sri Lanka due to the COVID-19 pandemic. Meanwhile, Sri Lankan security forces have been engaged in a series of operations to crack down on smugglers bringing turmeric into the country by boat from neighboring India. The Government announced that an MRP of Rs. 325 with an import tax of Rs.102. “We’re selling the bags at 60 Indian rupees (S$1.10) per kilo and the price in Sri Lanka is 4,000 Sri Lanka rupees per kilo,” he said. Reported Days Per Week. 750 per kg of turmeric. Erode and Nizamabad are the primary markets for turmeric in India. This article was first published in South China Morning Post. This year, the average price of turmeric in Chennai stood at Rs118 per kg. The Consumer Affairs Authority has stepped in to impose a maximum retail price of Rs. The initial planting material cost was Rs. 2. Keep track of the latest wholesale and farmgate Turmeric prices in Sri Lanka with our price data collected from trusted local sources on a ... Turmeric Prices in Sri Lanka. In the past, high-priced commodities like gold, marijuana and sea cucumber were smuggled by notorious cartels but this is a first for a common item like turmeric. “Turmeric in Sri Lanka is being sold between Rs 800-900 a kg,” said Poonam Chand Gupta, a trader from Nizamabad, Andhra Pradesh. Meanwhile in Sri Lanka, the government is determined to keep the import ban and see through its aim of boosting domestic growth, despite the rampant turmeric smuggling and the fact that tonnes of confiscated spices are still lying on the island’s western shores. Swarajya - a big tent for liberal right of centre discourse that reaches out, engages and caters to the new India. Valued for both its flavour and health benefits, the humble ingredient is commonly used in dishes from stews to soups to curries, and it’s also added to beverages like tea. sort. Why Sri Lanka has banned the import of turmeric from Indian. Turmeric contains bioactive compounds with powerful medicinal properties; Curcumin is a natural anti-inflammatory compound; Turmeric dramatically increases the antioxidant capacity of the body Locals have complained about the prices of turmeric powder in Mannar which are being sold in some places for up to 5000 rupees per kilogram due to Sri Lanka’s import ban. On Wednesday (25), the Sri Lanka Navy (SLN) recovered a hidden stock of dried turmeric weighing 1,067 kg and apprehended a suspect, during a special search operation conducted in Puttalam. Subscribe here. ''Those living in the coastal areas who have access to fishing boats and have the knowledge of cross-border transactions, they can land a bounty even if they secure one or two tonnes of turmeric.”. Turmeric Prices in Sri Lanka. Turmeric smuggling. Reports said that India has drawn the attention of Lankan President Gotabhaya Rajapaksa, who has asked his secretary PB Jayasunderae to take action but the latter has been acting arbitrarily. While the government has capped maximum retail price of turmeric powder at LKR 750 (about ₹295) a kg, traders point to a black market where the spice is sold for almost five times the price. The spice markets in Sri Lanka reportedly have been hoarding stocks of turmeric to increase demand and hike prices. This is despite a cap of $4 per kg fixed by the Sri Lankan government on turmeric price. Lanka Plantations Minister Ramesh Pathirana said that the island nation could produce about 4,000 tonnes, more than 50 per cent of the local demand estimated at 7,000 tonnes. A wide variety of turmeric options are available to you, There are 58 turmeric suppliers, mainly located in Asia. And in challenging times like these, we need your support now more than ever. Similarly, Sri Lankan Navy has seized more than seven tonnes of smuggled turmeric from their side until August. Our business model is you and your subscription. 325 with an import tax of Rs. Usage/Application: Adulteration of turmeric powder has also been reported. Most of the superior finger grade turmeric at Erode primary market is traded at around Rs 5,700 a quintal. The total national requirement, therefore, is around 6,800 metric tons (MT) of dehydrated turmeric. As if signalling the price the yellow spice presently commands, a bag of 100kg smuggled turmeric is exchanged for up to 1kg of gold. Lankan reports said that turmeric powder for cooking was selling at over Rs 3,000 a kg. Some people are willing to part with more. The Consumer Affairs Authority has stepped in to impose a maximum retail price of Rs. If turmeric here is sold at Rs 6,000 a quintal, over there is being sold at over Rs 600 a kg,” said RKV Ravishankar, President, Erode Turmeric Merchants Association. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right. "It is the Sri Lankans who have been are badly affected than anyone else," said an analyst not wishing to identify. A Sri Lankan family of five eats around 2.5 kg of turmeric per year, the Export Agriculture Department (EAD) estimates. According to official figures, Sri Lankans consumed about 7,500 tonnes of turmeric in 2019, but the country cultivated some 2,000 tonnes, meaning it has largely been reliant on imports. ... has stepped in to impose a maximum retail price of 4 U.S. dollars per kg of turmeric. During the same time last year, prices were ruling around Rs 6,400. First Reported. “We have not seen any impact of the Lankan ban on turmeric over the last 6-7 months,” Gupta added. In the Indian state of Tamil Nadu, coastal authorities said they had confiscated 4,685kg of turmeric in a single district in the last two months. Sri Lanka’s dry turmeric demand is about 5,500 metric tonnes per annum. 228 (price of one kg was Rs.100). Last week, authorities confiscated nearly 38,000 U.S. dollars worth of turmeric smuggled by boat. The Rajapaksa government had said that it would ban turmeric imports to encourage local production but so far, there has been no significant development in that regard. Ingredient: Turmeric. RKV Ravishankar, president of India’s Erode Turmeric Merchants Association, said there had in recent months been an unusual uptick in demand for turmeric from the coastal districts indicating that their final destination must be Sri Lanka. The entire operation was conducted as per health and safety regulations imposed by health authorities as COVID-19 precautionary measures. Turmeric is grown in wet and intermediate zones of Sri Lanka as a mono-crop and an intercrop under coconut. In India turmeric is largely used as a disinfectant in the day to day life and in religious ceremonies. Authorities from both countries have seized multiple consignments of turmeric over the past few months amid a crackdown on smuggling activity in the vast Bay of Bengal waters. But production was lower at 9.46 lakh tonnes against 9.61 lakh tonnes during the same period. While it used to cost 350 Sri Lankan Rupees (S$2.60) per kilogram before the pandemic, the price of turmeric now goes up to US$27 per kilogram – accounting for a 13-fold increase. Common Hindi Name: Haldi. 2020-07-14. last Reported. Some people are willing to part with more. 750 per kg of turmeric. Two, they are of the view that production costs in Sri Lanka will be higher compared to India. Erode is one of India’s largest turmeric-producing areas. “Our production is lower this year, so there has not been much of an impact,” Ravishankar said. Sri Lanka. Sri Lanka currently has a requirement of approximately 400,000 kg of turmeric for local consumption. “Turmeric in Sri Lanka is being sold between Rs 800-900 a kg,” said Poonam Chand Gupta, a trader from Nizamabad, Andhra Pradesh. All Rights Reserved. Naturally, prices have gone up due to shortage,” Ravishankar said. Prior to the import ban, the price per kilogramme of turmeric stood at Rs. Media reports from Sri Lanka said that India is “very unhappy” with the ban and some 50 containers of turmeric have been stuck at the Port of Colombo. The administration said it expects Sri Lanka to be able to produce all the turmeric it needs to meet local demand by next year. Lankan farmers produce a small quantity of turmeric in their backyards that have resulted in them living in penury. arrow_drop_down. The spike in demand has also resulted in fears about the adulteration of turmeric powder. Turmeric that was being sold for INR 500-600 ($2-$3) per kg before the ban, is now sold for INR 2,500-3,000 per kg ($13-$16). Hence, the agents from towns like Erode procured the material at a cheap price … We deliver over 10 - 15 high quality articles with expert insights and views. Supermarkets in Mannar have been criticised for hoarding large quantities of turmeric powder that has resulting in prices being raised for local customers. Initial planting material of Turmeric was 2.280 kg and final harvest recorded as 19.5 kg (on an average one trial plot has given 6.5 kg of yield out of three plots) which is almost 1: 09 ratio. Sri Lankan spice producers see two issues with the ban. Erode and Nizamabad are the primary markets for turmeric in India. But it has resulted in domestic prices there rising. Packaging Size: 200 gm / 500 gm / 15 kg / 20 kg / 50 kg. Bulk order are also available as per client's requiremen. “It is difficult to catch the perpetrators as turmeric is a commonly used product and there is no restriction for its movement within Tamil Nadu. Turmeric is grown in wet and intermediate zones of Sri Lanka as a … From 150 Kg of turmeric seeds planted in a quarter acre of land, 2,000 Kg of the “new gold” was harvested. Though Sri Lanka has also banned imports of pepper, mustard, tamarind, cinnamon, nutmeg, mace, cardamom, ginger, and cloves, it is the effect of the bar on turmeric that is being felt badly. The Sri Lankan government recently imposed an import “Naturally, smugglers will capitalise on the situation. India exports 5,000 tonnes of turmeric annually to Sri Lanka. This has now resulted in smuggling in of the spice through the western shores, which means they are going from India. As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. During an official visit to Maha Nanneriya in the Kurunegala District, on September 7, Highways Minister Johnston Fernando said President Gotabaya Rajapaksa instructed agriculture sector officers to take steps to produce turmeric for the local consumption and maintain a fixed price. PUBLICATIONS . Compare Ginger Prices From Various Places. more . Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts. 750 per kg has been imposed on turmeric … So farmers started growing turmeric again, using only organic fertilizers such as cow manure. In December, about a month before Sri Lanka saw its first Covid-19 case, President Gotabaya Rajapaksha’s new government banned the import of a range of spices – including cinnamon, ginger, nutmeg and turmeric – in a bid to bolster domestic produce. The top supplying country or region is Sri Lanka, which supply 100% of turmeric … Major Growing Areas. Ceylon 100% pure Cardamom whole ground hand picked High quality Sri Lankan Price of product ( USD price or FOB price) : US $92-100 / Kilogram Product origin : Sri Lanka Key Specifications/Special Features : Origanally cultivated by Sri Lanken farmer Minimum Order Size and Packgaing details : MOQ: 5 Kg Packaging: carton In other words it has given 3720 kg of green Turmeric yield per hectare. “We’ve stepped up our intelligence-gathering efforts in the region and increased our sea patrols to curb the rapidly growing smuggling activities,” said R Chinnawamy, superintendent of police at the coastal district Nagapattinam. Buyers from that country prefer lower-priced varieties as they do not mind much about quality,” he said, adding that Indian turmeric is preferred for its aroma over Malaysian or Indonesia ones. Show Data By: HS ... Avg. “Nearly 60 containers have been struck in Colombo for over six months when the ban came into effect,” said Gupta. According to the Ministry of Agriculture’s third advance estimate, turmeric was cultivated on 2.57 lakh hectares during 2019-20 against 2.53 lakh hectares the previous year. Shooting prices and smuggling While the Sri Lankan government has announced that the maximum retail price of turmeric powder would be LKR750 (about Rs295) a kg, it is being sold for more than five times the price, and in some areas, it has even shot up to LKR4,000-5,000 a kg in the black market. Spice producers are the only gainers, say experts. While it used to cost 350 Sri Lankan Rupees (S$2.60) per kilogram before the pandemic, the price of turmeric now goes up to US$27 per kilogram – accounting for a 13-fold increase. Local fishermen from both nations are believed to be involved in the underground trade. In Ayurvedic and Chinese medicine turmeric is a common ingredient. Economic and Financial Reports ... Daily Price Report describes the day’s price developments of selected key consumer items in key markets that have significant impact in determination of the general price levels of the respective consumer items “The Sri Lankan market is cost-conscious. “Sri Lanka has banned Indian turmeric to boost domestic production. The spice markets in Sri Lanka reportedly have been hoarding stocks of turmeric to increase demand and hike prices. In Sri Lanka, health practitioners have been among those trumping up the supposed benefits of turmeric during the coronavirus pandemic, causing demand to skyrocket – and giving smugglers a lucrative new sales product at a time much of the supply has been cut off. SAPP collaborated with the Rural Development Bank in Sri Lanka to provide loans, training and machines to boil and dry turmeric. While it used to cost 350 Sri Lankan Rupees (US$1.90) per kilogram before the pandemic, the price of turmeric now goes up to US$27 per kilogram – accounting for a 13-fold increase. So, the smugglers easily transfer the spice in large quantities from turmeric-growing region to coastal areas under the pretext of domestic use,” he added. : 201815023K. “The import ban has hit turmeric availability in Sri Lanka. Alibaba.com offers 58 turmeric products. Turmeric, a key spice in many South Asian cuisines, has been so ubiquitous in the region it is hard to imagine it would feature in a black market. Seven people were in custody after confessing they attempted to smuggle turmeric bags using boats and fishing trawlers. “Indian turmeric makes up 90 per cent of Lanka’s total imports,” said Ravishankar. Analaysts, in particular, dismiss the hue and cry raised over the ban as a “political gimmick” than anything, as the amount involved is around Rs 30 crore. Price of product : Working Product origin : Sri Lanka Key Specifications/Special Features . As a result, the Sri Lankan ban has not had much of an impact on Indian turmeric prices. However, overall consumption of turmeric is 7,000 Metric tons whereas about 2,000 Metric tons are cultivated yearly in Sri Lanka. During an official visit to Maha Nanneriya in the Kurunegala District, on September 7, Highways Minister Johnston Fernando said President Gotabaya Rajapaksa instructed agriculture sector officers to take steps to produce turmeric for the local consumption and maintain a fixed price. Prior to the import ban, the price per kilo of turmeric stood at Rs. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake. One, Colombo should have allowed a year-and-a-half for production to pick up before imposing the ban. 102. Variety Of Turmeric Available: Erode. Copyright: Swarajya. However, this also prompted people to smuggle turmeric from India. On Tuesday, four individuals were arrested with 261 kg of smuggled turmeric. Trading in the spice has not shifted to the black market. Ginger Price Details in Sri Lanka on 03rd December 2020. (MENAFN - Colombo Gazette) A Maximum Retail Price (MRP) has been imposed on turmeric powder. Get Swarajya in your inbox everyday. Sri Lanka’s Minister of Trade Bandula Gunawardena said the Rajapaksa government won’t relent on the ban of turmeric imports for general consumption, though it might consider allowing re-exports after consulting traders. Sri Lanka turmeric import ban set to continue. The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio. Indonesian Minister of Education Will Allow Face-to-Face Schools Starting on January… If you don’t like our faces, listen to our fortnightly podcast E-Junkies where we lepak one corner with famous people, Your daily good stuff - AsiaOne stories delivered straight to your inbox, AsiaOne Online Pte Ltd. Company Registration No. Local farms yield just 10,000MT tons of fresh turmeric annually which shrinks to 2000 metric tons after processing. The ban was brought into force abruptly. A ban on Indian turmeric by Sri Lanka from December last year is turning out to be a political issue with the Paattali Makkal Katchi (PMK) urging the Union and State governments to help remove the hurdle since it was hurting farmers. It is believed that this turmeric consignment might have been brought to be transferred to a Sri Lankan vessel at sea, by the racketeers. According to government data, Sri Lanka produced 400 metric tonnes of dry turmeric last year. 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