Turmeric prices dropped on weak local and export demand

Turmeric prices fell by 0.58% to ₹14,714 due to weak domestic and export demand. Despite physical market activity, arrivals increased slightly to 13,660 quintals, suggesting easing supply pressure. However, broader sentiment remains subdued due to lackluster buying interest from domestic and overseas markets. The 2024-25 season is witnessing a 10% increase in turmeric acreage to…

Read More

Turmeric falls on profit booking, higher arrivals, and weak export demand

Turmeric prices have eased by 0.44% to ₹14,800, driven by a surge in arrivals and subdued export enquiries. Total arrivals jumped to 57,500 quintals, doubling from 29,860 quintals in the previous session. However, concerns about lower production estimates and quality challenges in key producing regions remain. Untimely rains have affected crop productivity, with yields expected…

Read More

Jeera falls on weak buying and exports.

Jeera futures fell by 1.85% to close at ₹19,880 due to sluggish domestic and export demand, rising arrivals in key mandis, and subdued export demand. Total mandi arrivals increased to 32,900 bags, creating supply-side pressure. Export demand remains subdued, with current requirements being met from existing inventories. Production for the current season is expected to…

Read More

Cotton rises on short covering after output revision

Cotton candy prices rose slightly by 0.18% to 54,500, but bearish fundamentals remain. The Cotton Association of India (CAI) revised India’s 2024-25 cotton production to 291.35 lakh bales, attributed to higher output in Odisha. However, sluggish domestic consumption, exports, and ending stocks are weighing on the outlook. India’s cotton consumption estimate was reduced by 8…

Read More