![Growth in Supply at the End of the Harvest Season Caused Turmeric Prices to Drop](https://market-tracker.in/wp-content/uploads/2023/01/turmeric2-901357_l-1.jpg)
Growth in Supply at the End of the Harvest Season Caused Turmeric Prices to Drop
Due to a spike in supply signaling the end of the harvesting season, turmeric prices fell 2.1% Wednesday, closing at 17,236 rupees. Farmers withheld stocks in expectation of additional price hikes, therefore the negative effects were mitigated. The country is experiencing a heatwave that might harm crop output, worsening the shortage and increasing prices. According…