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
Over the course of the futures market, the price of guar gum suffered a decrease of Rs 28, ultimately reaching a price of Rs 8,977 per quintal. This decline can be attributed to traders selling off their positions, which is reflective of a more general pessimistic attitude that has been witnessed in the spot market. Read More
The futures market witnessed a decrease in the pricing of guar seeds, which experienced a decrease of Rs 14, ultimately closing at Rs 4,900 per quintal. This movement can be linked to the current abundant supply conditions that are in place. On the National Commodity and Derivatives Exchange, the contracts for guar seed that were Read More
Turmeric concluded the day with an increase of 1.39% at Rs 14,620, bolstered by apprehensions regarding crop damage and restricted arrivals in key producing regions. Significant precipitation in Maharashtra, Andhra Pradesh, and Karnataka has negatively impacted agricultural yields, whereas elevated humidity levels in Erode have resulted in disease outbreaks, thereby complicating the preservation of crops. Read More
Jeera yesterday settled marginally higher by 0.10% at Rs 19,515 due to bargain buying at lower levels, influenced by thin arrivals as the ongoing Diwali holidays curtailed market activity. The increase in gains can be attributed to the GST Council’s resolution to reduce the GST rate on jeera to 5%, a move anticipated to enhance Read More
In the futures market, the prices of guar seeds witnessed a decrease of Rs 33, ultimately closing at Rs 4,970 per quintal. This change can be linked to the current abundant supply conditions that are in place. The contracts for guar seed that were due for delivery in November on the NCDEX witnessed a loss Read More
In futures trading, the prices of cottonseed oil cake experienced an increase of Rs 2, reaching Rs 2,853 per quintal. This gain was driven by speculators who established new positions in response to the increased demand dynamics. Cottonseed oil cake contract for December delivery on the National Commodity and Derivatives Exchange witnessed an upward movement, Read More
Turmeric prices experienced a significant decline of 6%, settling at Rs 14,420, largely due to substantial profit booking. This movement is attributed to reports indicating an expansion in acreage, spurred by favorable monsoon rains during the sowing season. The recent correction followed earlier gains, which were bolstered by apprehensions regarding crop damage in Maharashtra, Andhra Read More
Jeera prices increased by 0.72% to close at Rs 19,495, driven by renewed buying interest at lower price points and a decline in arrivals attributed to the Diwali holidays. The reduction in inflows across key mandis provided a temporary boost to prices; however, the overall potential for increase was limited by subdued export demand after Read More
Through futures trading, the price of guar gum experienced a significant increase of Rs 118, reaching Rs 9,052 per quintal. 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 Composite Depository Exchange, guar gum contracts that were scheduled Read More
The increase in coriander prices, which increased by Rs 26 to reach Rs 8,014 a quintal in futures trading, can be linked to the increased activity of speculators who are increasing their positions. This is in line with the solid trend that has been observed in the spot market. The contracts for coriander that were Read More
Turmeric prices increased by 1.37% to Rs 15,340, driven by supply concerns stemming from crop damage in major producing states like Maharashtra, Andhra Pradesh, and Karnataka as a result of excessive rainfall. Erode, a significant trading center, experienced quality challenges as persistent rainfall resulted in disease outbreaks and elevated humidity, complicating the preservation of turmeric. Read More
Jeera prices increased by 0.47% to Rs 19,355 due to level-based buying, influenced by low arrivals, as Diwali holidays in various markets limited supply inflows. The decrease in arrivals bolstered prices; however, the increases were constrained by subdued export demand after the retail season ended. Traders indicated a lack of robust overseas buying interest, as Read More
During the course of futures trading, the prices of cottonseed oil cake experienced a decrease of Rs 16, ultimately reaching a position of Rs 2,888 per quintal. In reaction to the poor patterns that have been observed in the spot market, market participants have reduced their positions, which can be linked to this slump. The Read More
A decrease of Rs 8 was observed in the pricing of coriander, which ultimately reached a level of Rs 8,136 per quintal on the futures market. 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. On the National Read More
Turmeric prices experienced a notable increase of 5.45%, reaching Rs 14,664 yesterday. This rise is attributed to concerns regarding crop damage in key agricultural areas such as Maharashtra, Andhra Pradesh, and Karnataka. Excessive rainfall in these states, along with ongoing showers in Erode, has resulted in disease outbreaks and heightened concerns regarding crop preservation due Read More
Jeera prices experienced a modest increase of 0.13% to Rs 19,155 yesterday, buoyed by short covering in the wake of recent declines caused by weak export demand following the conclusion of the retail season. Market sentiment experienced a slight uptick following the GST Council’s decision to lower the GST rate on jeera to 5%. This Read More
