The World Turmeric Conference brought together key players in the turmeric industry, such as policy makers, FPOs, traders, corporations, processors, and exporters. An important outcome of the conference was the signing of a Memorandum of Understanding (MoU) between NCDEX and Turmeric Research Centre, Haridra. The MoU aims to promote awareness on various aspects of turmeric, including quality, grades, cultivation methods, price risk management, finance, and more.
The inaugural Turmeric Ecosystem Conference organized by NICR and TEFLA brought together industry stakeholders to discuss challenges and opportunities in the turmeric market. The MoU between NCDEX and Haridra was a significant development to promote the turmeric value chain. Mr. Hemant Patil, a Member of Parliament, highlighted the substantial production of turmeric in Maharashtra, which accounts for 50% of the country’s consumption. Some areas of Maharashtra were yielding curcumin content twice the national average, increasing farmers’ incomes. The upcoming Haridra Research and Training Center aims to further enhance this capability.
Mr. Arun Rasta, MD & CEO, NCDEX emphasized the important role of such platforms in advancing the commodity’s product cycle. He lauded the conference for successfully uniting participants across the value chain to discuss various aspects of turmeric, from cultivation to processing, to enhance industry synergy and facilitate transactions. of
The conference served as a platform to discuss various aspects of the turmeric sector, including production methods, marketing, quality, price risk management, and international trade. It also highlighted how emerging technologies, processing methods, and input innovations are revolutionizing the turmeric industry. The impact of climatic conditions on crop cultivation and strategies to enhance industrial development were also examined.
The conference was presented by Everest Musley and supported by Haridra. Other conference partners include CPAI, Share India, Globe, Kedia Advisory, Krishna Canvassing, Vivek Shah from Sangli, UK Khamji & Company, Manohar Trading Company, Satish Chaudhary from Sangli, Star Agri, Prithvi Finmart, Suvani. Spices, Finddoc, ISFEA, were involved. Pinnacle, Angle One, JR Spices, SMC, and Neelkanth Corporation.
NCDEX Institute of Commodity Markets and Research (NICR), established in 2007 as a wholly owned subsidiary of National Commodity and Derivatives Exchange (NCDEX), Commodity Markets Dedicated to promoting research and knowledge transfer in the field of NICR has a leading role in conducting applied research and providing consultancy services to both domestic and international Non-Governmental Organizations (NGOs) and corporate clients, with a focus on post-harvest market dynamics. is on analysis.
First Published: 29 Sep 2023, 12:10 IST