• Operates under the Ministry of Commerce & Industry.
• Headquarters: Nizamabad, Telangana.
• Aim: To enhance turmeric production, support farmers, and boost global exports.

• Chaired by a Central Government appointee.
• Includes representatives from the Ministry of AYUSH, Department of Pharmaceuticals, Department of Agriculture & Farmers Welfare, and Department of Commerce.
• Rotating senior representatives from three states are also part of the Board.

• Promotes awareness of turmeric’s medicinal and essential properties.
• Supports farmers across 20 states, including Maharashtra and Tamil Nadu.
• Facilitates research, value addition, and development of new products for domestic and global markets.
• Enhances logistics, supply chains, and trade opportunities.

• Turmeric is also known as ‘Golden Spice’.
  • It thrives in temperatures ranging between 20°C and 30°C with high annual rainfall.
• India is the largest producer, consumer, and exporter of turmeric globally.
• Cultivates 30+ varieties over 3.05 lakh hectares, producing 10.74 lakh tonnes (2023-24).
• Accounts for over 70% of global turmeric production and 62% of world exports.
• Key exporting markets: Bangladesh, UAE, the US, and Malaysia.
• GI-tagged turmeric includes Lakadong (Meghalaya), Kandhamal (Odisha), and Erode (Tamil Nadu).
• Note: The Centre does NOT declare MSP for Turmeric.

PYQ:

[2018] Consider the following:

1. Areca nut
2. Barley
3. Coffee
4. Finger millet
5. Groundnut
6. Sesamum
7. Turmeric

The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

(a) 1, 2, 3 and 7 only

(b) 2, 4, 5 and 6 only

(c) 1, 3, 4, 5 and 6 only

(d) 1, 2, 3, 4, 5, 6 and 7