Turmeric prices rose by 2.45% to ₹13,394, driven by lower-than-expected arrivals and strong buying interest. Export performance was positive, with shipments reaching a four-year high. From April to December 2024, turmeric exports rose 13%, reaching 1,36,921 tonnes. December saw a 46.94% YoY surge, reflecting global demand. However, new crop yields are projected to be 10-15%…
Turmeric prices dropped by 0.55% to ₹13,274 due to weak demand and increased arrivals. Harvesting season has boosted arrivals to 13,190 bags, with Nizamabad and Hingoli seeing the highest. However, new crop yields are expected to be 10-15% lower this year due to small rhizomes and crop rots in the Nanded region. Farmers anticipate a…
Turmeric prices have risen by 0.15% to ₹14,522, due to concerns over slower rhizome growth and low yield estimates for the crop. Farmers are predicting lower yields, making it crucial to monitor harvest progress. The arrival of new crops is expected to increase post-Makar Sankranti, but supply will likely remain tight. Harvesting has begun in…
Turmeric prices rose by 0.34% to ₹13,972, driven by tight market supplies ahead of the new crop’s arrival. Arrivals increased to 9,030 bags, with strong inflows in major trading hubs like Erode and Hingoli. However, gains were limited due to the crop’s excellent condition and favorable weather. Prolonged rains delayed harvesting, potentially affecting fresh supplies…
Turmeric prices fell by 1.12%, closing at ₹13,214, due to profit booking and increased arrivals. However, Hingoli markets experienced intermittent closures due to assembly elections in Maharashtra. Low stock levels have kept prices stable, but a delay in new crop arrivals due to prolonged vegetation growth may provide temporary support. Sowing activity has improved, with…
Turmeric prices fell by -3.91% to ₹13,806, driven by weak demand and rising arrivals. Market sentiment is bearish as the upcoming season is projected to be 30-35% higher than last year, indicating a significant increase in production. However, the downside is limited due to reports of crop damage from heavy rains, suggesting potential production losses….
Turmeric prices rose by 0.86% to 12,842 due to potential crop damage from heavy rains. However, gains were limited due to lower demand and increased arrivals. The upcoming season is estimated to be 30-35% higher than last year, indicating a rise in production. Dry weather in Indonesia has accelerated turmeric harvesting, adding pressure on prices….
Amid reports of increasing seeding activity, the price of turmeric ended down 2.11% at 15876. Nonetheless, the negative impact was restricted because farmers are hoarding their inventory in expectation of additional price increases. It’s now believed that fair prices will lead to a rise in turmeric sowing in all key producing states. According to reports,…
Due to reports of increased sowing, turmeric prices closed down 3.85% at $15,246, but the downside is restricted since farmers are hoarding supplies in expectation of future price increases. Farmers in the main producing states are increasing their sowing because they want to receive good pricing for their harvest. Turmeric plantings in Maharashtra, Telangana, and…
The price of turmeric fell sharply by -2.79% to settle at 16924, mostly due to reports of enhanced seeding activity in India’s major producing areas. Due to favorable prices, growers have increased the amount of turmeric they cultivate this year compared to last. According to reports, seeding has doubled along the Erode line, and sowing…
