As a result of more arrivals and less demand, turmeric prices fell

Turmeric prices fell by 0.5% to 12732 due to lower demand and increased arrivals. However, the downside was limited by reports of potential crop damage from heavy rains. The upcoming season is expected to increase turmeric acreage by 30-35%, indicating higher production levels. Despite favorable weather conditions, concerns about reduced supply and unfavorable weather could…

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Prices for turmeric increased as farmers held back supplies

Withholdings from farmers amid anticipation of additional price increases drove yesterday’s 0.59% gain in turmeric prices, which closed at 17512. The heightened supply near the end of the harvesting season limits upside potential, though. Increased crop yields could worsen the supply shortage and support price levels, as the heat wave currently affecting India poses a…

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