National Turmeric Board established; to boost logistics and supply chain for trade into newer markets
Union Minister of Commerce & Industry, Mr Piyush Goyal on Tuesday inaugurated the National Turmeric Board in New Delhi. He announced Mr Palle Ganga Reddy as its first Chairperson. The headquarters of the Board has been set up at Nizamabad.
He informed that representatives from various Ministries will be part of the National Turmeric Board. Representatives from exporters and producers bodies will also be added to the Board.
The Minister noted that the Board will promote research and development in new turmeric products, and will look into the value addition of turmeric related products for marketing abroad. The Board will also focus on creating awareness on the essential and medical properties of turmeric, ways to increase its yield, and boost logistics and supply chain to foster trade into newer markets. He highlighted that the Board will ensure quality and safety standards of turmeric production and exports.
In 2023-24, India was responsible for over 70% of global turmeric production. He also shared that there are 30 varieties of turmeric produced in India.
India is the largest producer, consumer and exporter of turmeric in the world, and has more than 62% share of world trade. During 2023-24, 1.62 lakh tonnes of turmeric and turmeric products valued at 226.5 million USD was exported, as per a release.
Source: Exim News Service: New Delhi, Jan. 14