Turmeric yesterday concluded the trading session with a decline of -2.08% at Rs 12,026, influenced by anticipations of increased acreage this season due to favorable rainfall conditions. Nonetheless, the adverse impact was constrained, as recent substantial rainfall inflicted harm on existing crops in key agricultural areas, notably in Nanded, where around 15% of the cultivated Read More
Jeera concluded yesterday with a 0.53% increase, settling at Rs 18,945, driven by short covering after experiencing a prior correction attributed to subdued domestic and export demand in the wake of the retail season. The downside remained constrained, bolstered by the GST Council’s decision to reduce the GST rate to 5%, anticipated to enhance FMCG Read More
Turmeric concluded yesterday’s trading session with a decline of 1.1%, settling at Rs 12,282. This downturn can be attributed to increased acreage, which has dampened market sentiment, although it is worth noting that favorable rains during the current sowing season have provided some support. Preliminary estimates indicate that turmeric acreage may increase by 15–20% for Read More
Jeera yesterday concluded trading with a decline of -0.87% at Rs 18,845, influenced by subdued domestic and export demand subsequent to the end of the retail season. Market participants have linked the decline to a lack of robust engagement from foreign buyers and sufficient inventory levels in key markets. Nonetheless, the downside appeared constrained following Read More
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