As farmers clung to their stocks in anticipation of future price increases, turmeric prices yesterday jumped by 3.67% to settle at 19,648. Prices are expected to be supported further by the ongoing heatwave in India, which might harm crop production and exacerbate supply shortages. With more heatwave days predicted for May than normal, the India…
Due mainly to predictions of additional arrivals from the Marathwada region of Maharashtra, turmeric prices saw a modest fall yesterday, finishing at 19030 with a –0.27 % decrease. But low-than-average supply and strong holiday demand kept the negative to a minimum. Reports suggest that supply levels are below average despite the inflow of new entrants,…
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,…
