The spot market’s diminished supply of turmeric helped drive up prices by 2.94%, settling at 17162. As purchasing activity decreased in advance of stock releases before the new crops, the market saw no increase in value. Positive mood in the market is expected to be sustained in the near term by delayed new crop harvesting…
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….
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 -1.51% 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…
Reduced production expectations, limited supply, and increased export opportunities drove a 1.92% increase in turmeric prices, which ultimately settled at 13,896. In advance of the new crops scheduled to begin in January 2024, the market saw a slowdown in buying activity as stock releases were anticipated. The overall crop condition is acceptable, with harvest anticipated…
Turmeric prices have dropped by ₹500 a quintal over the last couple of weeks on an “unexpected” slump in domestic and export demand, traders have said. “ RKV Ravishankar, President of the Erode Turmeric Merchants Association in Tamil Nadu, said, “We typically see demand before the Navratri, but it has been lacking this time.” Even…
The NCDEX turmeric futures market should not be traded in, according to a letter sent by the Marathwada Vidarbha Turmeric Trade Association to Union Minister of State for Finance Pankaj Choudhary. The group said that certain traders and businesses are profitable. It said that the farmers of Maharashtra are suffering significant losses because the prices…
