What is the price of turmeric per kilogram/pound in Madagascar today?
The retail price range for Madagascar turmeric is between US$ 16.19 and US$ 21.90 per kilogram or between US$ 7.34 and US$ 9.93 per pound(lb). Click here to see today's exact prices of turmeric in Madagascar
The retail price range in Malagasy Ariary for turmeric is between MGA 71,633.19 and MGA 96,915.49 per kilogram or between MGA 32,486.71 and MGA 43,952.60 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar turmeric is between US$ 11.33 and US$ 15.33 per kilogram or between US$ 5.14 and US$ 6.95 per pound(lb).
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Madagascar Turmeric Export Prices - Historical, Trends and Prediction
The export price of Turmeric from Madagascar over the last five years has been quite volatile. In 2017, the price per kilogram was 4.22 US dollars, which was the highest in the period. This was followed by a sharp decline in 2018 to 2.67 US dollars. In 2019 and 2020, the price per kilogram was 2.02 and 2.01 US dollars respectively. In 2021, the price per kilogram increased to 2.50 US dollars and in 2022 it was 2.29 US dollars. Based on the data, it is predicted that the export price of Turmeric from Madagascar in 2023 will be 2.45 US dollars and in 2024 it will be 2.40 US dollars.Madagascar Turmeric Import Prices - Historical, Trends and Prediction
The import price per kilogram of Turmeric into Madagascar over the last five years has been quite volatile. In 2017, the price was at its highest at $4.22, before dropping to $2.67 in 2018. This was followed by a further decrease to $2.02 in 2019 and $2.01 in 2020. However, the price has seen an increase in 2021, reaching $2.50. The most recent data shows that the price has dropped slightly to $2.29 in 2022. Looking ahead, it is likely that the import price of Turmeric into Madagascar will remain relatively stable in the next two years. We predict that the price will remain at around $2.30 in 2023 and 2024.Export values for Madagascar turmeric
The total values in export for turmeric in Madagascar were US$ 909, US$ 1,843, US$ 1,337 and US$ 945 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Madagascar: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of turmeric in other countries across Africa: Algeria turmeric, Angola turmeric, Botswana turmeric, Burundi turmeric, Cameroon turmeric, Cape Verde turmeric, Central African Republic turmeric, Comoros turmeric, DRC Congo turmeric & Benin turmeric.
Madagascar turmeric - Production, Exports, Imports, Seasons and HS Codes
The quantity of turmeric exported by Madagascar in 2020 was 335 tonnes. In 2019 Madagascar sold 467 tonnes of turmeric. Across 2019 alone, the demand for Madagascar turmeric (herbs and spices category) has decreased, with a change of -6.6 per cent compared to the year 2018. Between 2017 and 2019, turmeric's exports increased by 6.86% bringing Madagascar US$0.94m for the year 2019. Madagascar's turmeric exports are categorised as:
- Turmeric "curcuma" (HS code 091030)
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Madagascar turmeric export values
In 2019, Madagascar supplied turmeric with a value of 0.94m USD, a drop of -29.69% from 2018's total turmeric export of 1.337m USD. The annual change in value of Madagascar turmeric between 2017 to 2018 was -27.455%.
The annual change in the amount of Madagascar's turmeric exports between 2017 and 2019 was 6.86 pc when compared to a variation of -6.6% in the growth rate between 2018 and 2019.
Export markets for Madagascar turmeric ( in '000$ )
Madagascar ordered 1 tonnes of turmeric in 2019.