Exports look up due to demand in Russia, China, Argentina
The situation appears promising for maize growers in the State, while turmeric growers are advised against storing the crops for long.
The Agricultural Market Intelligence Centre of ANGRAU's Sri Venkateswara Agricultural College campus in Tirupati has predicted that maize exports might look up due to the demand in countries like Russia, China and Argentina as a result of the drought and rain wreaking havoc there.
While the crop is estimated to be good in Tamil Nadu and Karnataka, the crop price is firmed up in Andhra Pradesh due to the failure of kharif crop.
Though rabi sowing was normal, what could pep up the prices is the increasing demand across the globe.
Trade analysts expect the exports to touch 3 million tonne by this month compared to 2 million tonnes last season.
“The price is estimated to be around Rs.950 to Rs.1,000 per quintal this month, which is set to increase to Rs.1,100 by May,” says P. Raghuram, co-principal investigator of National Agricultural Innovation Project (NAIP) and a professor of agricultural economics.
On the other hand, turmeric prices had ruled the roost throughout the year 2010, thus encouraging farmers in Tamil Nadu, Andhra Pradesh, Maharashtra and Karnataka, which was evident in the form of increase in acreage by 20-25 p.c..
The estimated turmeric output this year was 65-67 lakh bags of 70 kg each against last year's 45-47 lakh bags. The crop prospects in Nizamabad, Adilabad and Kadapa districts appear bright, while it could be a let-down in Guntur.
Advice to farmers
“According to our studies, turmeric prices had started declining in major markets and we advise farmers against storage of the crop,” Dr. Raghuram said, adding that the forecast holds good only under normal political situation.