Turmeric yesterday settled down by -0.76% at Rs 12,220, influenced by an expansion in acreage as favorable monsoon conditions facilitated sowing. Preliminary estimates indicate that turmeric acreage could increase by 15–20% in 2024-25, bringing the total area to 3.30 lakh hectares, compared to approximately 3 lakh hectares in the previous year. Nonetheless, the downside appears Read More
Jeera yesterday concluded at Rs 19,410, reflecting a decline of -0.61%, as subdued domestic and export demand following the retail season exerted downward pressure on prices. Market participants observed that the end of the retail season, coupled with a lack of enthusiasm from international purchasers, resulted in a dampened demand environment. Ample supplies and lackluster Read More
Turmeric yesterday settled marginally lower by -0.18% at Rs 12314, as selling pressure emerged amid expectations of increased acreage, bolstered by favorable rainfall this season. Nonetheless, the potential for decline was limited by reports indicating crop damage resulting from recent heavy rainfall, particularly in Nanded, where approximately 15% of the crop area has been impacted. Read More
Jeera yesterday settled marginally lower by -0.08% at Rs 19,530, influenced by subdued domestic and export demand as the retail season came to a close. The downside, however, appears constrained following the GST council’s decision to lower the GST rate to 5%, a move anticipated to bolster both FMCG exports and domestic consumption. Market participants Read More
Turmeric experienced an increase of 1.95% yesterday, closing at Rs 12,336, bolstered by supply concerns stemming from recent rainfall that adversely affected standing crops in key agricultural regions. Significant rainfall in Nanded has affected approximately 15% of the cultivated area, leading to concerns regarding potential yield outcomes. Meanwhile, the IMD’s forecast of normal to below-normal Read More
The escalation in coriander prices, which surged by Rs 88 to reach Rs 8,352 per quintal in futures trading, can be attributed to the heightened activity of speculators augmenting their positions, in alignment with a robust trajectory observed in the spot market. On the NCDEX, the contracts for coriander scheduled for delivery in October experienced Read More
The prices of cottonseed oil cake have undergone a modest reduction, now positioned at Rs 2,901 per quintal within the realm of futures trading. This adjustment can be attributed to market participants recalibrating their positions in light of the subdued trends noted in the spot market. The cottonseed oil cake futures for December delivery on Read More
Turmeric prices concluded the trading session with a modest increase of 0.2%, reaching Rs 12100. This uptick can be attributed to recent substantial rainfall in key agricultural areas, notably Nanded, which has adversely affected approximately 15% of the existing crop, thereby providing upward pressure on prices. Weather developments continue to be a significant factor, as Read More
Jeera prices held steady at Rs 19,480, as lackluster domestic and export demand following the retail season contributed to a subdued market environment. Market participants noted that the conclusion of the retail season, coupled with restricted engagement from international buyers, persists in exerting downward pressure on prices. Abundant supplies and subdued export activity exerted additional Read More
The market for coriander experienced a decline, with prices diminishing by Rs 74, settling at Rs 8,334 per quintal in futures trading. This downward movement can be attributed to speculators scaling back their positions in response to subdued demand observed in the spot market. On the NCDEX, the contracts for coriander scheduled for delivery in Read More
The prices of cottonseed oil cake experienced a decline of Rs 9, settling at Rs 2,914 per quintal in the futures market, as market participants adjusted their positions in response to the prevailing bearish trends observed in the spot market. On the National Commodity and Derivatives Exchange, the futures contract for cottonseed oil cake scheduled Read More
Turmeric experienced a slight decline of -0.25% yesterday, settling at Rs 12,076. This movement can be attributed to an expansion in cultivated area, bolstered by the advantageous precipitation observed throughout the ongoing sowing season. Nonetheless, the potential negative impact was somewhat mitigated as recent substantial precipitation, especially in Nanded, detrimentally influenced the existing turmeric cultivation, Read More
Jeera experienced a decline of -0.54% yesterday, settling at Rs 19,480. This downturn can be attributed to subdued domestic and export demand, a consequence of the retail season’s conclusion. Nonetheless, the potential drawbacks were mitigated, as the GST council’s resolution to reduce the GST rate to 5% serves as a catalyst for enhancing FMCG exports Read More
Jeera and coriander futures inched up, while turmeric futures ended marginally down on Thursday. Festival demand lifted jeera and coriander futures. Concerns over unfavourable weather in Rajasthan too lend support to coriander futures. India’s export of spices during Apr-Nov declined 14% on year to 898,007 tn, according to data from the Spices Board India. In Read More
Rising arrivals in the spot market continued weighing on NCDEX spices complex. Jeera futures fell more than four per cent. Tepid demand weighed on as well. Turmeric futures declined as well, shedding over one per cent. India’s export of spices during Apr-Nov declined 14% on year to 898,007 tn, according to data from the Spices Read More
Spices complex on NCDEX was in red on Wednesday, with dhaniya futures shedding more than three per cent and jeera falling over two per cent. Rising arrivals in the spot market weighed on. India’s export of spices during Apr-Nov declined 14% on year to 898,007 tn, according to data from the Spices Board India. In Read More
Except for turmeric, other spices were up on NCDEX on Monday. Jeera and coriander futures gained on rise in festival demand. Turmeric continued to be under pressure from higher arrivals and higher carry over stocks. India’s export of spices during Apr-Nov declined 14% on year to 898,007 tn, according to data from the Spices Board Read More
Mixed moves were witnessed in NCDEX spices complex on Wednesday. Jeera futures inched higher on festival demand though rising in arrivals in the spot market weighed on, keeping gains under check. In the meantime, turmeric and coriander futures ended down. India’s export of spices during Apr-Nov declined 14% on year to 898,007 tn, according to Read More
Weakness was witnessed in NCDEX spices complex on Friday, with coriander futures hitting over one year low. Rising arrival of new crop in the spot market put downwards pressure on jeera, turmeric as well as coriander futures. Tepid demand weighed on as well. India’s export of spices during Apr-Nov declined 14% on year to 898,007 Read More
Weakness was witnessed in NCDEX spices complex on Friday, with coriander futures hitting over one year low. Rising arrival of new crop in the spot market put downwards pressure on jeera, turmeric as well as coriander futures. Tepid demand weighed on as well. India’s export of spices during Apr-Nov declined 14% on year to 898,007 Read More
