Reduced supply in the spot market helped drive up the price of turmeric, which increased by 1.82% to settle at 17386, The buying activity slowed down, though, and there was anticipation that inventories would be released before the start of fresh crops, which curtailed the upside. In the short run, though, positive market sentiment is…
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…
Due to weaker buying activity as traders await the release of supplies ahead of the start of fresh crops in January 2024, turmeric prices closed lower by -0.77% at 14644. Better crop conditions brought on by excellent weather conditions are another factor driving pressure on the market. Despite reports of acceptable crop conditions, production losses…
Turmeric prices fell -2.45%, closing at 12910, as purchasing activity decreased in advance of the anticipated release of stockpiles ahead of the fresh crops in January 2024. The better crop conditions brought about by the excellent weather added to the pressure on pricing. Maharashtra farmers’ attitudes were affected when they learned that Prime Minister Modi’s…
In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by 0.2% to 8034 as profit was booked. In anticipation of a price decline, traders are also displaying less interest in the current price levels and refraining from mass purchasing. Given that farmers are receiving a fair price for their produce,…
