Story of Tumeric
Is a story of how disconnected #lk politicians are with market dynamics. If self sufficiency was the panacea for our economic ills, banning imports of Tumeric should have worked? Right? It didn't! Long thread #economy #SriLanka #SupplyChain #inflation
Is a story of how disconnected #lk politicians are with market dynamics. If self sufficiency was the panacea for our economic ills, banning imports of Tumeric should have worked? Right? It didn't! Long thread #economy #SriLanka #SupplyChain #inflation
Story of Tumeric
First, by creating artificial demand we forced consumers to pay dearly, up to 1K /kg. Then farmers were deceived into believing they could prosper by growing tumeric. According to farmers, the market has crashed with no money in sight! #CostOfLivingCrisis #lka
First, by creating artificial demand we forced consumers to pay dearly, up to 1K /kg. Then farmers were deceived into believing they could prosper by growing tumeric. According to farmers, the market has crashed with no money in sight! #CostOfLivingCrisis #lka
Story of Tumeric
Homemakers can't find any cheap turmeric either! Further,busy homemakers want the finished product on their kitchen shelves and don't have the time nor patience to process raw tumeric, nor pay inflated prices. Foregoing tumeric is a better option. #FoodSecurity
Homemakers can't find any cheap turmeric either! Further,busy homemakers want the finished product on their kitchen shelves and don't have the time nor patience to process raw tumeric, nor pay inflated prices. Foregoing tumeric is a better option. #FoodSecurity
Story of Tumeric
How and why did this happen? First, it's about scale. India produces 80% of the world's tumeric at 5646 kgs/ hectare and productivity is on the rise! Growing, processing and converting tumeric to usable form must be efficient.
How and why did this happen? First, it's about scale. India produces 80% of the world's tumeric at 5646 kgs/ hectare and productivity is on the rise! Growing, processing and converting tumeric to usable form must be efficient.
Story of Tumeric
Processing tumeric involves curing, drying, polishing and colouring Second, most Indian Gowers use industrial processing and can output at much lower cost. So, most home gardens and subsistence farmers could never compete.
Processing tumeric involves curing, drying, polishing and colouring Second, most Indian Gowers use industrial processing and can output at much lower cost. So, most home gardens and subsistence farmers could never compete.
Story of Tumeric
And when you add the economic power of multiple middlemen, the cost from farmgate to kitchen becomes prohibitive.
When will we learn that we would've been better off importing like the rest of the world than trying to produce locally?
And when you add the economic power of multiple middlemen, the cost from farmgate to kitchen becomes prohibitive.
When will we learn that we would've been better off importing like the rest of the world than trying to produce locally?
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