Turmeric Board: A Golden Gateway for Farmers to New Markets and Financial Growth

India’s turmeric sector is poised for a transformative leap as the newly launched National Turmeric Board begins its mission to empower farmers, open new markets, and boost exports. The Board’s establishment marks a watershed moment for the millions of turmeric growers across the country, promising enhanced financial security and global reach.

 

Key Highlights:

 

•⁠  ⁠Inauguration and Leadership: The National Turmeric Board was inaugurated by Union Minister Piyush Goyal, with headquarters in Nizamabad, Telangana—a major turmeric-producing region. Shri Palle Ganga Reddy serves as the first Chairperson.

 

•⁠  ⁠Farmer-Centric Approach: The Board aims to ensure farmers receive remunerative prices, with current market rates for turmeric at ₹18,000–19,000 per quintal. Efforts are underway to increase this by an additional ₹6,000–7,000 per quintal over the next three years.

 

•⁠  ⁠Export and Market Expansion: India, already the world’s largest producer and exporter of turmeric, has set an ambitious target of $1 billion in turmeric exports by 2030. The Board will focus on branding, marketing, and supply chain improvements to achieve this goal.

 

•⁠  ⁠Research and Value Addition: The initiative includes promoting research, developing new varieties, and supporting farmers with better agronomic practices and value-added product opportunities.

 

•⁠  ⁠Collaborative Governance: The Board includes representatives from key ministries, state governments, exporters, and farmers, ensuring a holistic approach to sector growth.

 

Outlook:

 

With the National Turmeric Board’s launch, Indian farmers can look forward to stronger financial returns, access to new international markets, and sustained growth in the global spice trade—ushering in a golden era for the country’s turmeric industry.

 

Sources: PIB, Economic Times, Drishti IAS