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Turmeric

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Factbook F-243161
Turmeric Raw material Spices
Production2,810 t p.a.
Exports0 mg
Value per tonne✦1,166
Revenue✦3.28 m
Value added✦3.25 m
Surplus✦270,800
  • Per tonne:
  • Labour ✦886 (Sf 1.85)
  • Materials ✦0
  • Capital ✦174
  • Energy ✦10
  • Surplus ✦96

Whole chain per tonne: 30 labour hours, 200 kWh.

Formula

A.C. = w0LhSf Labour ✦886 Shadow wage w0 ✦16 an hour Γ— Lh 30 hours per tonne Γ— skill factor Sf 1.85 Sf for agriculture: training ✦30,000 against ✦45,000, queue 10 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦174 Depreciation and maintenance ✦120 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦10 E 200 kWh per tonne Γ— pe ✦0.05 per kWh = ✦1,070

A.V. = rP*world Accounted value ✦1,166 per tonne World price $750 per tonne plus freight and insurance 3.67% = P* $778 Γ— r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦1,166

Revenue = A.V. Γ— Q Accounted revenue ✦3.28 m p.a. Domestic: 2,810 t Γ— ✦1,166 = ✦3.28 m = ✦3.28 m

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦270,800 p.a. Revenue ✦3.28 m βˆ’ cost ✦1,070 Γ— 2,810 t = ✦270,300 Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦270,800

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made in

Kabuli 25% Kairi 25% Karu 25% Kitts 25%

Output

Final domestic use ✦3.28 m

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.

  • Final domestic use 2,810 t ✦3.28 m 100%