ENA Sectors 2025-01-16 15:44:12 <p><span style="font-size:14px"><strong>New Delhi, Jan 16 (KNN)</strong> India has set an ambitious target to quintuple its turmeric exports from USD 207.45 million in 2022-23 to USD 1 billion by 2030, according to a joint report by the Indian Council for Research on International Economic Relations (ICRIER) and Amway India. </span></p> <p><span style="font-size:14px">The report, titled Making India the Global Hub for Turmeric, outlines strategic initiatives to overcome current challenges in the sector while strengthening India's position in the global market.</span></p> <p><span style="font-size:14px">Despite India's dominant position as the world's leading producer, consumer, and exporter of turmeric, accounting for over 70 percent of global production with 11.61 lakh tonnes in 2022-23, the sector faces significant challenges. </span></p> <p><span style="font-size:14px">Farmers struggle with insufficient post-harvest infrastructure, volatile prices, and the prohibitive costs of third-party organic certification, which collectively hamper their access to premium markets and better pricing opportunities.</span></p> <p><span style="font-size:14px">The report highlights a critical gap in meeting international demand for high-quality turmeric. Currently, India supplies only 10 percent of the global demand for turmeric containing over 5 percent curcumin content, indicating substantial room for growth in premium market segments. </span></p> <p><span style="font-size:14px">To address this, experts recommend intensifying research and development efforts to develop high-curcumin turmeric varieties that align with growing global preferences.</span></p> <p><span style="font-size:14px">Key recommendations from the report include providing subsidies for organic certification, enhancing post-harvest infrastructure, and strengthening farmer producer organisations (FPOs). </span></p> <p><span style="font-size:14px">These measures are seen as essential steps to empower farmers and create a more resilient and competitive turmeric sector that can achieve the ambitious export target while ensuring sustainable benefits for producers.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 40671 https://knnindia.co.in/news/newsdetails/sectors/india-targets-usd-1-bn-in-turmeric-exports-by-2030-report 2025-01-16 15:44:12 knnindia.co.in