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Turmeric softens because of more supply and weaker demand
Due to weak demand and record production in the 2021–22 crop year (July–June), dealers claim that turmeric has reversed the gains seen after Diwali. “Shortly after Diwali, turmeric prices in Telangana and Maharashtra marketplaces increased by $300–$400 per quintal. However, due to a decline in demand, they have already returned to their pre-Diwali levels. This…