As the Kharif sowing acreage is anticipated to decline during the current season, turmeric prices yesterday increased by 2.01% to 8832. The expected drop in Maharashtra’s sowing area is between 10% and 20%. The acreage is anticipated to drop by 10% to 15% in Tamil Nadu (NS: TNNP). A reduction in acreage between 18% and…
As a result of indications that crop yields in the Maharashtra region of Marathwada have decreased due to recent rain, turmeric prices yesterday increased by 0.89% to 7912. Support was also noted because the farmers in Andhra Pradesh suffered significant losses due to the late rains that destroyed their turmeric crops. Due to the rain,…
In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.28% to 7956 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…
In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.55% to 7978 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…
Due to reduced production prospects and a delayed monsoon projection, turmeric yesterday settled up 2.9% at 8022. In anticipation of a price decline, traders are however also displaying less interest in the current price levels and refraining from bulk purchasing. Given that farmers are receiving a fair price for their produce, supplies in Maharashtra and…
On profit-taking yesterday, the price of turmeric dropped by -3.58% to 7928 in anticipation of an increase in local supplies. In anticipation of a drop in pricing, traders are likewise expressing less interest at current price levels and refraining from mass purchasing. Given that farmers are receiving a fair price for their produce, supplies in…
On profit booking yesterday, the price of turmeric decreased by -2.47% to 8282 in anticipation of an increase in local supplies. In anticipation of a drop in pricing, traders are likewise expressing less interest at current price levels and refraining from mass purchasing. Given that farmers are receiving a fair price for their produce, supplies in…
As a result of indications that crop yields in the Maharashtra region of Marathwada have decreased due to recent rain, turmeric prices yesterday closed up by 6% at $8024. Support was also noted because the farmers in Andhra Pradesh suffered significant losses due to the late rains that destroyed their turmeric crops. Due to the…
Due to the local market’s ample supplies and the muted demand, turmeric prices yesterday declined by -0.06% to 6696. Due to increasing deliveries in important trading centers, Millers’ stockists are in a wait-and-watch mode. Arrivals of the fresh crop have increased; as of now, 7-8 lakh bags have entered the Nizamabad market, compared to 7…
Given that export demand is strong despite weak local demand, turmeric prices yesterday increased by 0.14% to 7024 on short covering. In anticipation of additional price declines, farmers and stockists are releasing their stock of turmeric as harvesting has begun in the main growing regions. Over 5,000–7,000, bags arrive on a daily average in the…
