The National Statistical Office (NSO) issued data on Friday that showed that retail inflation, which is based on the Consumer Price Index (CPI), decreased to a 10-month low of 4.85% in March from 5.1% in February, despite high food costs. In the upcoming months, food prices are predicted to stay erratic. In the meantime, the…
Turmeric prices saw a small gain of 0.21%, closing at 15,622, spurred by increased purchasing activity associated with holiday demand. The shortage of turmeric on the market is made worse by Maharashtra’s declining turmeric production. Though supplies of turmeric are still scarce, upcoming beneficial rainfall in Maharashtra and Telangana is anticipated to boost crop growth….
On profit-taking yesterday, the price of turmeric dropped by -6% to $15204 due to the domestic demand remaining at its current level. The lack of export inquiries is expected to affect market sentiment. Together with a steep increase in prices, export demand has stalled. A further concern for turmeric crops that will limit the losses…
