Turmeric prices fell sharply, by -3.76%, to settle at 16112, mostly due to anticipation of fresh entrants from Maharashtra’s Marathwada region. The downside was constrained despite this negative pressure because of below-average supply and strong festive demand. Important marketplaces like Nanded, Nizamabad, and Erode saw a sharp increase in new crop supplies, with arrivals much…
Turmeric prices fell by 1.73% yesterday, settling at 17062. The drop was caused by predictions of new arrivals from the Marathwada region in Maharashtra, but this was mitigated by below-average supply and strong festive demand. Although there were more arrivals in Nizamabad and Erode this week than the week before, it is anticipated that turmeric…
Turmeric prices rose by 0.05% yesterday, finishing at 16544, owing to below-normal supply and strong festive demand, which kept the market positive. Lower production has resulted in much lower arrival rates than the previous year, indicating that supply is currently limited. This scarcity is projected to motivate stockists to take advantage of any price drops,…
Due to profit booking, turmeric prices saw a minor decrease of -0.6% yesterday, ending a period of upward bias driven by below-normal supply and strong festive demand. Yesterday’s closing price was 17544. The slower arrival pace than the previous year is indicative of lesser production, which may encourage stockists to purchase turmeric at every price…
The previous session saw a notable spike in turmeric prices of 3.74%, culminating at 19370, due to below-average supplies and strong festive demand. Decreased output has had a noticeable effect, as evidenced by slower arrival rates than the year before. Given that there are already 9050 tonnes of turmeric arriving in key APMC markets in…
As a result of lower supply on the spot market, the price of turmeric increased by 4.03% to settle at 18,086, up. But buying activity has halted ahead of the start of fresh crops, maybe due to stock releases, suggesting that the gain is restricted. In the short run, more optimistic market emotions for turmeric…
Reduced supply in the spot market helped turmeric post a notable gain, as it closed up 3.11% at 17482. The gain, however, is expected to be constrained because buying activity has slowed and there is anticipation that supplies will be released before new plantings begin. Short-term market sentiment for turmeric is anticipated to remain strong…
Due to a decrease in supplies on the spot market, turmeric prices increased a little on Tuesday, ending at 15302. But sluggish buying as traders wait for stocks to be released before new harvests begin to grow hampered the upside. Notwithstanding this, it is anticipated that tighter ending stocks and postponed new crop harvesting will…
The turmeric market had a minor decrease, ending at 15434, down -0.89%. This was primarily due to a decrease in buying activity as people awaited stock releases before the start of fresh crops. Even yet, the downside was constrained by fewer supplies in the spot market, which were reinforced by postponed new crop harvesting and…
The market’s recent performance for turmeric is a result of a combination of demand dynamics, supply-side restrictions, and technical factors that affect price changes. Even if it ended the day 2.4% higher at 15330, the increase is limited by slower buying activity before the release of stocks in preparation for the start of fresh crops….
