The Marathwada region of Maharashtra was expecting the arrival of people, thus turmeric was dropped

Turmeric prices fell sharply, by -3.76%, to settle at 16112, mostly due to anticipation of fresh entrants from Maharashtra’s Marathwada region. The downside was constrained despite this negative pressure because of below-average supply and strong festive demand. Important marketplaces like Nanded, Nizamabad, and Erode saw a sharp increase in new crop supplies, with arrivals much…

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Profit booking saw a drop in turmeric when prices increased amid lower-than-normal supplies

Yesterday, the price of turmeric saw a slight decrease of -0.17%, ending at 17514, due to profit bookings after recent price increases. Prices had previously been supported by below-normal supply and strong festive demand, resulting in a bullish trade bias. Arrivals in main APMC markets were much fewer this year than the previous year, clearly…

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Prices rose below normal supplies, causing turmeric to drop on profit booking

Due to profit booking, turmeric prices saw a minor decrease of -0.6% yesterday, ending a period of upward bias driven by below-normal supply and strong festive demand. Yesterday’s closing price was 17544. The slower arrival pace than the previous year is indicative of lesser production, which may encourage stockists to purchase turmeric at every price…

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