Turmeric yesterday settled up by 1.06% at Rs 12,794, buoyed by weather-related concerns and robust demand in the context of constrained stock availability. Recent heavy rainfall in Nanded has adversely affected around 15% of standing crops, leading to supply constraints in key agricultural areas. The potential for significant gains appears limited as a result of Read More
Jeera yesterday settled down by -0.57% at Rs 19,170, influenced by subdued export demand following the end of the retail season. Market participants observed that the decline can be attributed to the subdued activity from foreign buyers alongside ample domestic supplies. The current season has farmers in possession of approximately 20 lakh bags of cumin, Read More
In the futures market, the prices of cottonseed oil cake witnessed a decrease of Rs 6, ultimately reaching a level of Rs 2,911 per quintal. In response to unfavorable patterns that have been noticed in the spot market, market participants have reduced their positions, which can be linked to this fall. At the National Commodity Read More
In the futures market, the price of guar gum experienced a rise of Rs 5, reaching Rs 8,892 per quintal. This increase was driven by speculators who increased their positions in reaction to the robust demand that was observed in the spot market. An upward movement occurred on the NCDEX for guar gum contracts that Read More
Turmeric prices increased by 1.67% to close at Rs 12,660, driven by worries regarding crop damage resulting from recent heavy rainfall in significant producing areas like Nanded, where approximately 15% of the crop area has been negatively impacted. The uptrend was bolstered by constricting supplies, as turmeric stocks held by farmers in Warangal are approaching Read More
Jeera prices decreased by 0.28% to close at Rs 19,280, influenced by subdued export demand after the retail season came to an end. The decline occurred notwithstanding supportive measures, including the GST Council’s decision to reduce the GST rate to 5%, anticipated to enhance FMCG exports and domestic consumption in the forthcoming months. Market participants Read More
During the futures market, the prices of coriander witnessed a decrease of Rs 106, ultimately reaching a level of Rs 8,496 per quintal to settle. 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 Commodity Read More
As a result of market players adjusting their positions in response to unfavorable patterns observed in the spot market, the prices of cottonseed oil cake witnessed a fall of Rs 5, ultimately settling at Rs 2,918 per quintal in the futures market. The trading activity for cottonseed oil cake that was due for delivery in Read More
Turmeric prices experienced an increase of 0.6% yesterday, closing at Rs 12,452. This rise is attributed to recent rainfall that has adversely impacted standing crops in key producing areas, especially in Nanded, where approximately 15% of the crop area has been affected. While there has been upward movement, the gains have been limited as a Read More
Jeera prices experienced an increase of 0.52% yesterday, closing at Rs 19,335. This rise was bolstered by renewed buying activity following a period of decline attributed to weak export demand and the conclusion of the retail season. Market sentiment showed a positive shift after the GST Council announced a reduction in the GST rate on Read More
The price of guar seeds in the futures market recorded a rise of Rs 66, hitting Rs 4,817 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
Through futures trading, the price of guar gum experienced a significant increase of Rs 131, reaching Rs 8,782 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. Guar gum contracts that were earmarked for delivery in November had an Read More
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
