Due to profit booking, turmeric prices saw a minor decrease of -0.6% yesterday, ending a period of upward bias driven by below-normal supply and strong festive demand. Yesterday’s closing price was 17544. The slower arrival pace than the previous year is indicative of lesser production, which may encourage stockists to purchase turmeric at every price…
The previous session saw a notable spike in turmeric prices of 3.74%, culminating at 19370, due to below-average supplies and strong festive demand. Decreased output has had a noticeable effect, as evidenced by slower arrival rates than the year before. Given that there are already 9050 tonnes of turmeric arriving in key APMC markets in…
As a result of lower supply on the spot market, the price of turmeric increased by 4.03% to settle at 18,086, up. But buying activity has halted ahead of the start of fresh crops, maybe due to stock releases, suggesting that the gain is restricted. In the short run, more optimistic market emotions for turmeric…
Motivated by dwindling supply in the spot market, turmeric prices spiked by 2.38% during yesterday’s trading session, ultimately finishing at 15666. Sluggish purchasing activity on expectations of stock releases ahead of the new harvest season, however, limited the rise. In the near future, it is anticipated that tighter ending stockpiles and the expectation of a…
