Recent rains may be beneficial for standing crops because they decreased the price of turmeric

As a result of greater supply offerings, prices for turmeric recently dropped by -0.39% to settle at 14378. Reports of helpful rainfall for standing crops, which increased farmer confidence, were the main factors in this decline. However, given that the cultivation of turmeric has declined in regions like Maharashtra, which has caused price trends to…

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Prices for turmeric increased as consumer activity increased

Turmeric prices saw a small gain of 0.21%, closing at 15,622, spurred by increased purchasing activity associated with holiday demand. The shortage of turmeric on the market is made worse by Maharashtra’s declining turmeric production. Though supplies of turmeric are still scarce, upcoming beneficial rainfall in Maharashtra and Telangana is anticipated to boost crop growth….

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Due to concerns about demand from the biggest buyer China, cotton prices fell as profit was booked

Profit taking caused by worries about China’s demand, a significant buyer, caused cotton candy prices to end the day down by -0.23% at 60,840. The estimates for cotton in the United States for 2023–2024 show higher initial stockpiles but decreased production, exports, and ending stocks. High beginning stocks for 2022–2023 were also a result of…

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Jeera fell as a result of profit booking following price increases brought on by reduced supplies

In response to recent increases brought about by a reduction in local market supplies, jeera prices saw a -1.49% dip driven by profit booking. Stockists have shown growing interest as the demand for jeera during festivals rises, especially when millers’ inventories are getting smaller. Although Indian jeera is now priced competitively, this does not benefit…

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