Turmeric experienced a significant increase of 6%, closing at Rs 24,346. This rise can be attributed to heightened demand, limited availability in the spot market, and a decrease in selling activity by stockists, who are now holding back supplies due to apprehensions regarding future availability. Prices also increased due to concerns over El Niño-related dry Read More
Turmeric concluded the trading session at Rs. 22,176, reflecting a decline of 0.21%. This decrease can be attributed to profit booking after recent gains, which were influenced by drought-related crop losses in Karnataka and apprehensions regarding tightening supplies. According to a joint survey conducted by the Karnataka Horticulture and Revenue Departments in conjunction with the Read More
Turmeric concluded the session at Rs 22,222, reflecting a decline of 0.49% as profit booking set in following a recent surge prompted by significant drought concerns in Karnataka and anticipations of reduced production and future supplies. As per the collaborative drought assessment conducted by the Karnataka State Department of Horticulture, the Revenue Department, and KSDMA, Read More
Turmeric settled 0.19% higher at Rs 22,332, supported by severe drought conditions in Karnataka that have raised concerns over crop losses, production and future supplies. A joint drought survey by the Karnataka State Departments of Horticulture and Revenue and KSDMA estimated turmeric crop losses at 13,446 hectares, valued at Rs 18,824 lakh, against total state Read More
Turmeric concluded the trading session at Rs 20,710, reflecting a decline of 0.87%. This decrease can be attributed to the resurgence of monsoon activity in Maharashtra, Telangana, and North Karnataka, which has alleviated worries regarding dry weather and enhanced expectations for the forthcoming crop. Reservoir levels in Telangana and Andhra Pradesh have shown improvement, which Read More
Turmeric settled 0.56% higher at Rs 20,130, driven by concerns regarding a hand-to-mouth supply situation, lower-than-anticipated sowing expansion in crucial growing regions, and potential weather risks associated with El Nino affecting the newly sown crop. Insufficient rainfall in the initial growth stage has heightened worries regarding crop development and yield potential, while a decrease in Read More
Turmeric futures experienced a notable increase of 3.80%, closing at Rs 22,392. This rise can be attributed to constrained spot supplies and heightened apprehensions regarding the possible effects of El Niño on the ongoing crop sowing. Market sentiment improved as insufficient rainfall in various producing areas heightened concerns over reduced yields, while decreasing carry-forward stocks Read More
Turmeric prices experienced a significant increase, closing at Rs 16,092, reflecting a rise of 3.27%. The situation was bolstered by arrivals that were below the typical levels, alongside robust domestic and export demand. Farmers and stockists have significantly curtailed their inventories ahead of the new crop’s arrival, leading to a notable decrease in availability in Read More
