Mumbai, 30^th August 2024.

 NCDEX Institute of Commodity Markets and Research (NICR), a subsidiary of NCDEX, the leading agri-commodities exchange hosted the second edition of the Annual Global Turmeric Conference 2024 inMumbaitoday. More than 200members comprising Farmer Producer Organizations (FPOs), Traders, Processors, Exporters, Researchers, and Scientists attended the event, making it the largest single commodity event in India.The event with a dedicated focus on the turmeric value chain was conceptualized to fulfill the long pending demand of the industry for a single inclusive platform to galvanise all the stakeholders under one roof.The event was supported by the Ministry of Ayush, Government of India, Dr. MK Daddhich, CEO National Medicinal Plant Board, and DrPrabhat Kumar, Commissioner Horticulture Government of India graced the occasion. Aimed at uniting the industry, the landmark event explored strategies that have the potential to unlock the next phase of growth in the Turmeric ecosystem.

In his message,Honorable Chief Minister Maharashtra Shri EknathShinde said “The Global Turmeric Conference 2024 by NICR, under the theme ‘Samrudh Maharashtra’ has effectively brought together entrepreneurs and other stakeholders on one platform, which is highly commendable. India is the world’s largest producer, consumer, and exporter of spices and Maharashtra plays a significant role in producing 1/3 of turmeric. Turmeric is known the ‘Golden Spice’ and with state-of-the-art HonourableBalasaheb Thackeray Haridra Research and Training Center (HBTHRATC) headed by Shri Hemant Patil, we have hit the record production of turmeric. Aligning with the Central government’s directive, we are committed to providing guidance and support to entrepreneurs and farmers in their endeavors.” 

Speaking at the Occasion, former Member of Parliament Shri Hemant ShriramPatil, mentioned, “I thank NCDEX and all the stakeholders convened here for their presence in the 2^nd Global Turmeric Conference in Mumbai. For the last 10 years, the turmeric price range has remained between Rs.5,000 – Rs.5,500, but due to purported efforts by the central and state governments, the prices now range between Rs.13,000 to as high as Rs.35,000. The dedicated efforts of stakeholders have resulted in establishing a turmeric Board to facilitate better market access, upliftment of the primary producer, product innovation, and development of the overall ecosystem around the spice.”Acharya Balkrishna of Patanjali Foods added that the benefit of Turmeric which is well known to Indian needs to be promoted globally.

Speaking on the occasion, Shri Arun Raste, MD & CEO, NCDEX, said, “The overwhelming response to the annual Global Turmeric Conference underscores the collective commitment of stakeholders across the turmeric value chain to drive sustainable growth and innovation in this sector.At NCDEX, we are dedicated towards supporting initiatives that empower farmers and industry partners towards driving sustainable progress in the agricultural sector. This conference has laid strong foundation for collaborative efforts that will enhance India's position in the global turmeric market."

Fueled by the resounding success of the maiden conference, NICR extended the ambit of the event to put the spotlight on technology innovations in cultivating, innovative product applications, Price Volatility and Information Systems for the turmeric industry, besides delving into the trade dynamics, infrastructure considerations and global quality standards. It fostered critical discussions and collaborations.