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 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…
Turmeric prices fell by -2.32% to 13,370 due to lower demand and rising arrivals. However, concerns over crop damage and low supply could push prices higher in the coming weeks. Increased sowing may cap further price gains, and dry weather in Indonesia has accelerated harvesting, adding pressure on prices. Rising acreage and low export demand…
Turmeric prices fell by 2.96% to ₹13,626, driven by increased sowing and dry weather in Indonesia. However, tighter market supplies and stockist buying interest limited the downside. Farmers held back stocks in anticipation of price rises. Low export demand and rising sowing acreage could contribute to further price declines. Sowing reports show doubled turmeric sowing…
Turmeric prices increased by 3.72% to ₹14,204 due to tighter market supplies and renewed stockist interest. However, the increase was limited by reports of increased sowing this year, with farmers holding back stocks and anticipating further price increases. Dry weather in Indonesia has sped up harvesting, reducing production. Increased sowing in key regions like Maharashtra,…
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…
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…
Yesterday, the price of turmeric closed higher, rising 1.14% to 18,046 as a result of farmers hanging onto their supply in anticipation of future price increases, which fueled a bullish mood. The good news was offset, though, by higher supplies as the harvesting season came to a close. A threat to agricultural production is posed…
