Turmeric prices experienced a modest increase of 0.12% to reach Rs 11,794, driven by reports of crop damage resulting from significant rainfall in crucial producing areas, notably Nanded, where approximately 15% of the crop area has been impacted, providing upward pressure on prices. Nonetheless, the increases were constrained by anticipations of expanded acreage this season, Read More
Jeera prices yesterday exhibited minimal movement, closing slightly up by 0.03% at Rs 18,950, influenced by subdued domestic and export demand in the aftermath of the retail season’s conclusion. Downside support emerged following the GST council’s decision to lower the GST rate to 5%, a move anticipated to enhance FMCG exports and stimulate domestic consumption. Read More
Within the realm of futures trading, the price of coriander suffered a significant increase of Rs 36, ultimately reaching Rs 8,614 per quintal. This movement can be attributed to speculators increasing their positions, which was influenced by a robust trajectory that was observed in the spot market. The contracts for coriander that were due for Read More
The prices of cottonseed oil cake witnessed a decrease of Rs 16, ultimately settling at Rs 2,941 per quintal in futures trading. This decline occurred as market participants reduced their positions in response to unfavorable patterns observed in the spot market. As the cottonseed oil cake contract for December delivery on the National Commodity and Read More
Turmeric yesterday settled lower by 1.62% at Rs 11,780, influenced by increased acreage and favorable rainfall during the sowing season, which negatively impacted market sentiment. Nonetheless, losses were contained as significant rainfall in crucial agricultural areas, especially Nanded, adversely affected nearly 15% of the existing crop, leading to concerns regarding quality. The IMD’s projection of Read More
Jeera prices experienced a modest increase of 0.03%, concluding at Rs 18,945, driven by mild short-covering following recent declines, as traders participated in low-level purchasing activities. Initial price pressures were attributed to subdued domestic and export demand after the conclusion of the retail season, coupled with sufficient supplies and substantial carry-forward stocks. The GST Council’s Read More
Turmeric yesterday concluded the trading session with a decline of 0.43% at Rs 11,974, influenced by an expansion in acreage due to favorable monsoon conditions observed this season. Preliminary estimates suggest an increase in turmeric acreage by 15–20% for the 2024-25 period, with the sown area reported at 3.30 lakh hectares, reflecting a 10% rise Read More
Jeera yesterday settled nearly unchanged, declining by 0.03% to Rs 18,940 as subdued domestic and export demand persisted, exerting pressure on prices following the retail season. The decrease was primarily ascribed to subdued international demand and ample availability in the local market, as foreign purchasers largely refrained from participation. Pressure was also observed as sufficient Read More
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
Turmeric yesterday settled higher by 0.84% at Rs 12,418, buoyed by reports of crop damage in key growing regions due to heavy rainfall. In Nanded, approximately 15% of the turmeric crop area experienced adverse effects, reinforcing market sentiment. Nonetheless, the potential for growth was limited by anticipations of expanded acreage this season, driven by advantageous Read More
Jeera yesterday settled lower by -0.52% at Rs 19,010, influenced by subdued domestic and export demand after the conclusion of the retail season. Market participants attributed the decline to sluggish foreign buying interest and comfortable supplies, with existing stocks adequate to meet current demand. Farmers continue to retain approximately 20 lakh bags of cumin, with Read More
Turmeric yesterday concluded the trading session with a decline of -0.48% at Rs 12,314, indicative of the prevailing mixed dynamics within the market. The expansion of acreage, attributed to beneficial rainfall in the ongoing sowing season, exerted downward pressure on prices. However, this decline was mitigated by the adverse effects of recent heavy rainfall, which Read More
Jeera yesterday settled down by -1.24% at Rs 19,110, influenced by subdued domestic and export demand after the retail season came to a close. The decline was chiefly influenced by a lack of buying interest from both domestic and international buyers, while sufficient existing inventories and ample supplies contributed to the prevailing bearish sentiment. Farmers Read More
Turmeric experienced an increase of 1.01% yesterday, closing at Rs 12,374, driven by supply-side concerns and crop damage that bolstered prices. Recent heavy rainfall in Nanded has resulted in damage to approximately 15% of the standing turmeric crop, thereby constraining market availability. Nonetheless, the potential for further gains appears limited due to an increase in Read More
Jeera yesterday settled lower by -0.31% at Rs 19,350, influenced by subdued domestic and export demand after the retail season came to an end. Market participants observed that subdued demand from international markets, along with ample supplies, has exerted downward pressure on prices. Demand remains subdued, with current export requirements being met from existing stock. Read More
Turmeric concluded yesterday with a slight increase of 0.25% at Rs 12250, as weather conditions and supply factors persistently shaped market sentiment. Significant rainfall in Nanded has been reported to have adversely affected approximately 15% of the standing turmeric crop, thereby providing upward pressure on prices. Nonetheless, the potential for growth is constrained by increased Read More
Jeera yesterday settled flat at Rs 19410, reflecting a stable price point, as weak domestic and export demand following the retail season contributed to an overall subdued sentiment. Market participants noted that the current environment is characterized by ample supplies and subdued export interest, resulting in demand being predominantly satisfied by existing inventories. Farmers currently Read More
