Despite the market’s restricted supply of high-quality produce, turmeric prices increased

The price of turmeric yesterday increased by 0.04% to 16170 despite the market’s lack of access to high-quality products. Turmeric crops are under pressure due to ongoing sowing and crop progress as well as the prediction for drier weather in the southern and central areas. Although sowing activities are practically finished in Maharashtra and are…

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Gains in turmeric are backed up by a decline in area and slower planting progress

Due to strong demand from the domestic and international markets, turmeric prices yesterday finished higher by 2.48% at 15940. The decreased sowing acreage and smaller ending stocks are also causing farmers and stockists to hang onto their supplies in anticipation of price hikes, which is causing a supply deficit in the cash markets. During this…

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Gains in turmeric were reported as reports of certain agricultural yields declining as a result of rain

As a result of indications that crop yields in the Maharashtra region of Marathwada have decreased due to recent rain, turmeric prices yesterday increased by 0.89% to 7912. Support was also noted because the farmers in Andhra Pradesh suffered significant losses due to the late rains that destroyed their turmeric crops. Due to the rain,…

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In anticipation of an increase in domestic supplies, turmeric prices fell due to profit booking

In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.28% to 7956 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…

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Turmeric prices decreased due to profit booking in anticipation of an increase in domestic supply

In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.55% to 7978 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…

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