Due to a surge in supply signaling the end of the harvesting season, turmeric prices saw a notable 4.25% decrease Wednesday, closing at 17872. The negative was, however, minimal since farmers held onto their stocks in anticipation of additional price increases. A threat to agricultural production is posed by the current hot wave in 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,…
The anticipated fresh entrants from the Marathwada region of Maharashtra are the main reason behind yesterday’s –0.87 % decrease in turmeric prices, which closed at 19,386. Due to below-average supply and strong festive demand, the negative effects were, nevertheless, minimal. Major fresh crop arrivals were reported in several regions, including Nanded, Nizamabad, and Erode, in…
Due mostly to lower supply on the spot market, turmeric had a 1.26% increase, closing at 15382. The advantage is, however, limited because purchasing activity has slowed down in anticipation of stock releases before to the start of fresh crop production. In the near future, it is anticipated that the tighter ending stockpiles and delayed…
