Turmeric Slips on Anticipated Acreage Rise

Turmeric prices have declined by 1.6% to 12,772, driven by increased acreage and favorable monsoon conditions. Daily turmeric arrivals have increased to 13,660 quintals, indicating increased availability in key markets. However, quality concerns and lower productivity forecasts limit the downside in prices. Production is not expected to increase proportionately, as untimely rainfall may affect yields….

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Turmeric prices dropped on weak local and export demand

Turmeric prices fell by 0.58% to ₹14,714 due to weak domestic and export demand. Despite physical market activity, arrivals increased slightly to 13,660 quintals, suggesting easing supply pressure. However, broader sentiment remains subdued due to lackluster buying interest from domestic and overseas markets. The 2024-25 season is witnessing a 10% increase in turmeric acreage to…

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Turmeric falls on profit booking, higher arrivals, and weak export demand

Turmeric prices have eased by 0.44% to ₹14,800, driven by a surge in arrivals and subdued export enquiries. Total arrivals jumped to 57,500 quintals, doubling from 29,860 quintals in the previous session. However, concerns about lower production estimates and quality challenges in key producing regions remain. Untimely rains have affected crop productivity, with yields expected…

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Turmeric dips on profit booking after gains from low arrivals

Turmeric futures fell by 5.92% to ₹14,168, following a price rally due to supply concerns and strong demand. However, the market remains supported due to lower-than-expected arrivals and robust export demand. Exports during April- December 2024 surged by 13% to 136,921 tons, exceeding previous years. Production remains cautious due to untimely rains, raising concerns over…

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Turmeric prices rise amid tight supply and strong demand.

Turmeric prices rose by 1.05% to 13,280 due to lower-than-expected arrivals and strong buying interest. Positive export trends supported the price increase, with shipments reaching a four-year high. However, untimely rains impacting yields in the Nanded region have affected production, with an expected 10-15% decline in productivity. From April to December 2024, turmeric exports surged…

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