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
The price of guar seeds had a rise of Rs 37, hitting Rs 4,969 per quintal in the futures market. This increase was caused by speculators boosting their holdings in reaction to a solid trend that was observed in the spot market. Guar seed contracts for November delivery on the NCDEX increased by Rs 37, Read More
The prices of guar gum went up, increasing by Rs 75 to reach Rs 9,122 a quintal in futures trading. This represents an upward rise in the prices of guar gum. This increase can be ascribed to speculators increasing their holdings in reaction to solid demand in the spot market, which has made the spot Read More
Turmeric yesterday settled up by 0.51% at Rs 13,906, as prices received support from reports indicating crop damage due to recent heavy rainfall in key growing regions. In Nanded, approximately 15% of the standing turmeric crop area has been impacted, raising immediate supply concerns. The inventory of stocks among farmers in Warangal is approaching depletion, Read More
Jeera yesterday settled unchanged at Rs 19,130, as subdued export demand post-retail season contributed to price stability. Traders observed a significant decline in foreign buying interest, as current export requirements are being satisfied by existing inventories. The market faces pressure from ample supplies, with farmers retaining approximately 20 lakh bags of cumin. It is anticipated Read More
Turmeric prices experienced a notable increase of 2.04%, concluding at Rs 13,836. This rise is attributed to reports indicating crop damage resulting from excessive rainfall in key growing areas, particularly Nanded, where approximately 15% of the standing crop has been impacted. The decline in stock levels in Warangal, coupled with limited arrivals in recent days, Read More
Jeera prices concluded with a slight increase of 0.03% at Rs 19,130, influenced by subdued export demand after the conclusion of the retail season. The market exhibited signs of support following the GST Council’s decision to lower the tax rate on jeera to 5%, a strategic move anticipated to enhance both FMCG exports and domestic Read More
Over the course of futures trading, the price of coriander suffered a decrease of Rs 46, ultimately reaching a price of Rs 8,288 per quintal. The reason for this adjustment is that speculators have reduced their holdings in reaction to the decreased demand that has been witnessed in the spot market. A loss of Rs Read More
The futures market witnessed a gain of Rs 6 in the prices of cottonseed oil cake, which reached Rs 2,910 per quintal. This increase was driven by speculators who established new positions in reaction to the increased demand dynamics. The cottonseed oil cake for December delivery on the National Commodity and Derivatives Exchange had a Read More
Turmeric experienced a significant increase of 5.99% yesterday, closing at Rs 13,560, driven by substantial crop damage resulting from heavy rainfall in critical growing areas. Reports suggest that approximately 15% of the turmeric crop has been impacted by excessive rainfall, thereby constraining supply sentiment within the market. Nonetheless, the potential for growth is limited as Read More
Jeera experienced a decline of 0.23% yesterday, closing at Rs 19,125, as subdued export demand post-retail season exerted pressure on market sentiment. Despite the backing from the GST Council’s decision to lower the GST rate to 5%, anticipated to enhance demand and exports in the FMCG sector, overall trade activity has remained lackluster. Abundant domestic Read More
As a result of an increase in speculative positions in response to vigorous demand in the spot market, the price of guar gum suffered a gain of Rs 185, reaching Rs 8,878 per quintal in futures trading. This increase was driven by the volatility of the global market. The contracts for guar gum that were Read More
The price of guar seeds in the futures market recorded an increase of Rs 84, hitting Rs 4,835 per quintal. This increase was driven by speculators growing their holdings in reaction to a solid trend that was observed in the spot market. The contracts for guar seed that were due for delivery in November on Read More
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
