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 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….
Yesterday, turmeric prices edged higher by 1.06% to settle at 14898 as inflows eased in the spot market. Although the supply of turmeric has been low in recent times, its demand is expected to increase during the festive season. Another factor that increases costs is better farming conditions due to favorable weather. Also, talks have…
Turmeric saw a -1.56% decrease, closing at 15532, due to profit booking following prior advances that were bolstered by dwindling supply on the spot market. Shorter ending stocks and a delayed new crop harvest are predicted to keep feelings upbeat in the short run. On the other hand, when buying activity slows down ahead of…
Turmeric saw a -1.51% dip, closing at 14830, as buying activity decreased in advance of stock releases prior to the start of new plantings. A further factor driving up prices was better crop conditions brought on by fortunate weather. Lessening production projections and tighter market stocks, however, limit the downside. There is clear support for…
Prices for turmeric rose 5.99%, to $15,598. This increase was fueled by tightened supply, better export chances, and declining production expectations. Slower purchasing activity in advance of stock releases prior to the new crops scheduled to begin in January 2024 also provided assistance to the market. However, pressure from better crop conditions brought on by…
Turmeric prices fell by 2.18% to $14430, primarily due to a decrease in buying activity as a result of stock releases before to the start of fresh crops in January 2024. Improved agricultural conditions brought on by fortunate weather also put pressure on the market. According to reports, crop conditions are good, and harvest is…
Turmeric prices fell -1.41% to close at 14950, primarily due to weak purchasing activity in front of the expected stock release in advance of new crops in January 2024. Favorable weather circumstances put pressure on the market, which boosted crop conditions. The placement of Prime Minister Modi’s Turmeric Board in Telangana has raised worries among…
Turmeric prices fell -0.77% to $13420, with the slow buying activity leading to stock releases prior to the arrival of the fresh crops in January 2024. Nevertheless, the possibility of yield losses from unfavourable weather limits the downward pressure. The current crop conditions are favourable, and the harvest is anticipated to take place in January…
