Nizamabad: Hopes freeze in cold storages

Nizamabad: Turmeric farmers are wagering not just on the state of mind of climate condition however additionally on the market pressures. Therefore cold storage spaces have actually become wagering clubs for them as they really hope that the market will certainly kip down favour of them as well as they will certainly obtain excellent returns on their financial investments.

Therefore, for the last 5 years, the return of turmeric extract has actually been maintained in cold storage space storehouses awaiting the anticipated boost in the rates. The turmeric farmers are carrying the ball of rental fee of cold storage spaces, however the rates are not enhancing as well as they are deep in the red.

Due to non-availability of exports, turmeric supplies are suffering in cold storage space as well as not getting to themarket Turmeric rates have actually been reduced locally for the last 10 successive years. Farmers are holding the return of turmeric extract in cold storage spaces as well as waiting to see when the price will certainly rise.

Farmers have actually maintained 4 lakh bags of old turmeric plant return in cold storage space storehouses in Nizamabad, Armor as well as Metpally cold storage spaces. It considers regarding 2 as well as a fifty percent lakh quintals.

In this, 1,35000 bags of turmeric extract are being continued in storage facilities for the last 2 to 3 years. Farmers stated with discomfort that 65,000 bags of turmeric extract are maintained in cold storage space also from 4 to 5 years. All over India, 30 to 40 lakh bags of continued supply have actually been accumulated in cold storage spaces as a result of the reduced market price of turmeric extract for 5 years. Due to absence of need for turmeric also from the Gulf nations, a lot of the supplies have actually built up below.

Input expense has actually risen

The expense of turmeric growing in Telangana is high as contrasted to various other states. Due to raise in the expense of growing of turmeric extract, the farmers are decreasing the growing location as the ripe plant is not obtaining advantageous cost. It is recognized that regarding Rs 65,000 to 81,000 are being invested by the farmer for growing turmeric per acre. Maximum return is 20 quintals per acre.

Turmeric is vulnerable to pest assault. Similarly, the labor expense is expensive. The work expense is really reduced in Tamil Nadu, Kerala as well asMaharashtra The work expense of a turmeric farmer in Telangana is 100 times greater as contrasted to borderingStates With this, turmeric farmers are wagering by maintaining in cold storage space storehouses in the hope of obtaining the growing sets you back in some way. Last year also, as the anticipated cost was not readily available, some farmers of Nizamabad saved 33,609 quintals of turmeric extract in cold storages rather than offering the very same in themarket The company circles are revealing the opportunity that till the month of April of this year, the cost of turmeric extract might be just Rs 5,000 or Rs 6,000 per quintal.