Turmeric prices rose by 0.34% to ₹13,972, driven by tight market supplies ahead of the new crop’s arrival. Arrivals increased to 9,030 bags, with strong inflows in major trading hubs like Erode and Hingoli. However, gains were limited due to the crop’s excellent condition and favorable weather.
Prolonged rains delayed harvesting, potentially affecting fresh supplies timing. Sowing in major regions like Maharashtra, Telangana, and Andhra Pradesh is estimated to be 30-35% higher than last year, with overall acreage expected to increase to 3.75-4 lakh hectares.
Exports during April-September 2024 increased marginally by 0.96% to 92,911.46 tonnes, but September exports dropped by 4.06% compared to August. Imports soared by 184.73% to 15,742.12 tonnes.
