The price of guar gum had a rise of Rs 47, hitting Rs 8,795 per quintal in futures trading. This increase was driven by speculators who increased their holdings in reaction to the robust demand that was observed in the spot market. On the National Commodity Exchange, the guar gum contracts for December delivery had Read More
In the context of futures trading, the value of cottonseed oil cake has experienced a decrease of Rs 4, resulting in a value of Rs 2,947 per quintal. As a result of the negative trends that have been observed in the spot market, market participants are reevaluating their positions, which has led to this change. Read More
Turmeric yesterday concluded the trading session down by 1.52% at Rs 14,674, influenced by increased acreage due to favorable monsoon conditions prevailing in the current sowing season. Preliminary data indicates that the turmeric area for 2024–25 is projected at 3.30 lakh hectares, reflecting a 10% increase from the previous year’s 3 lakh hectares. Furthermore, estimates Read More
Jeera concluded the trading session yesterday with an increase of 0.82% at Rs 20,340, driven by short covering and diminished arrivals in the aftermath of the Diwali holidays, resulting in a subdued market environment. Support was also observed following the GST Council’s decision to lower the GST rate on jeera to 5%, which is expected Read More
Within the realm of futures trading, the price of coriander had a significant increase of Rs 66, ultimately reaching Rs 8,326 per quintal. One possible explanation for this change is that speculators have been increasing their positions, which is in line with a solid trend that has been witnessed in the spot market. The contracts Read More
In the context of futures trading, the prices of guar seeds witnessed a decrease of Rs 28, ultimately reaching a level of Rs 4,823 per quintal. This decrease may be linked to the availability of abundant supply circumstances that are currently in place. On the National Commodity and Derivatives Exchange, the contracts for guar seed Read More
Turmeric yesterday settled lower by 1.10% at Rs 14,900, influenced by an expansion in acreage bolstered by favorable monsoon rains throughout the ongoing sowing season. Nonetheless, losses have been contained as excessive rainfall and humidity have negatively impacted yields and storage conditions in critical producing areas including Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. In Read More
Jeera yesterday concluded with a gain of 0.37% at Rs 20,175, driven by selective buying in the context of limited arrivals, while trading activity was muted owing to Diwali holidays in key markets. Support also emerged following the GST Council’s decision to lower the GST rate on spices to 5%, a strategic move anticipated to Read More
In the futures market, the price of guar seeds experienced a rise of Rs 29, reaching Rs 4,758 per quintal. This increase was driven by speculators boosting their holdings in reaction to a robust trend that was observed in the spot market. The contracts for guar seed that were due for delivery in November on Read More
In the futures market, cottonseed oil cake prices experienced a fall of Rs 15, reaching Rs 2,968 per quintal. This came about as a result of investors reducing their wagers in response to negative trends in the spot market. The cottonseed oil cake for December delivery on the National Commodity and Derivatives Exchange experienced a Read More
Turmeric prices increased by 2.45% to Rs 15,066, influenced by adverse weather conditions in Maharashtra, Andhra Pradesh, and Karnataka, which have constrained supply in key trading centers such as Erode. Persistent precipitation has led to the emergence of disease outbreaks in certain regions, while elevated humidity levels are obstructing effective storage and preservation efforts. In Read More
Jeera prices increased by 0.85% to Rs 20,100 due to selective buying in the context of low arrivals, as trading activity across key mandis was curtailed by the Diwali holidays. Support was bolstered following the GST Council’s decision to reduce the GST rate to 5%, a move anticipated to enhance FMCG exports and stimulate domestic Read More
With speculators increasing their holdings in response to robust demand in the spot market, the price of guar gum experienced a rise of Rs 21, reaching Rs 8,633 per quintal in futures trading. This increase was driven by the fact that the demand in the spot market was solid. During the month of November, the Read More
Over the course of futures trading, the price of coriander suffered a decrease of Rs 80, ultimately reaching a price of Rs 8,238 per quintal. The reason for this adjustment is that speculators have reduced their positions in reaction to the decreased demand that has been witnessed in the spot market. The contracts for coriander Read More
Turmeric prices experienced a decrease of 2.23%, settling at Rs 14,706, attributed to profit booking and indications of expanded acreage due to favorable monsoon conditions during the sowing season. Nonetheless, the downside has been constrained, as yields in Maharashtra, Andhra Pradesh, and Karnataka have experienced adverse effects due to excessive rainfall, resulting in crop damage Read More
Jeera prices declined by 1.73% to Rs 19,930, influenced by profit booking and subdued export demand following the conclusion of the retail season. The decline was further influenced by muted foreign purchasing and adequate domestic inventories, while arrivals stayed low owing to Diwali holidays in key trading hubs. Nonetheless, the drawbacks were mitigated by opportunistic Read More
Turmeric yesterday settled up by 3.52% at Rs 15,042 as adverse weather conditions in key growing states—Maharashtra, Andhra Pradesh, and Karnataka—persisted, impacting crop yields. Ongoing precipitation in Erode has led to heightened arrivals from these areas, concurrently instigating disease outbreaks that complicate preservation efforts due to elevated humidity levels. Prices received additional support from reports Read More
Jeera concluded yesterday with a 0.45% increase, reaching Rs 20280, bolstered by strategic purchasing in the context of diminished arrivals during the Diwali holiday period, which curtailed market activity. Nonetheless, the increases were constrained by subdued export demand following the retail season. Sentiment experienced a modest uptick following the GST Council’s decision to reduce the Read More
Turmeric yesterday concluded the trading session with a decline of 0.62% at Rs 14,530, influenced by an expansion in cultivated area, bolstered by favorable precipitation during the ongoing sowing period. Nonetheless, the downside was constrained, as yields in Maharashtra, Andhra Pradesh, and Karnataka experienced impacts due to excessive rainfall. Erode has observed a consistent influx Read More
Jeera concluded the day with a notable increase of 3.46% at Rs 20,190, driven by value buying in the context of reduced arrivals, as the Diwali holidays in various markets limited inflows. Nonetheless, the potential for growth was constrained by weak export demand following the retail season. Support emerged following the GST Council’s decision to Read More
