Turmeric concluded the trading session with a 0.60% increase, reaching Rs 21,260, influenced by a tight supply scenario, diminishing carry-forward stocks, and apprehensions regarding the potential impact of El Niño on the ongoing crop sowing. Insufficient rainfall and a slower-than-anticipated increase in sowing across critical agricultural areas have heightened apprehensions regarding future output. Additionally, persistent Read More
Turmeric concluded the trading session with a 1.6% increase, reaching Rs 21,014. This rise was bolstered by a reduction in supply, a decrease in carryforward stocks, and apprehensions regarding the impact of El Nino on the newly sown crop. Deficient rainfall during early crop development has raised concerns regarding yields, while lower-than-anticipated sowing expansion in Read More
Turmeric prices concluded with a slight decline of 0.07% at Rs 20,830, influenced by profit-taking as the resurgence of monsoon conditions in Maharashtra, Telangana, and North Karnataka alleviated worries regarding crop stress. Enhanced reservoir levels in Telangana and Andhra Pradesh have facilitated greater water availability, while precipitation has aided re-sowing efforts in North Karnataka and Read More
Turmeric prices experienced a notable increase of 3.82%, concluding at Rs 21,750. This rise can be attributed to significantly reduced market arrivals, constrained spot supplies, and consistent export demand. Arrivals decreased to approximately 8,500 bags from 18,000 bags in the prior session, primarily attributed to the closure of significant markets in Maharashtra, coupled with heightened Read More
Turmeric prices experienced a notable increase of 3.21%, concluding at Rs 17,122. This rise can be attributed largely to short covering following recent downturns, which were influenced by substantial arrivals during the peak harvesting period. Earlier weakness was attributed to heightened selling activity from farmers aiming to liquidate stocks, as accelerated arrivals in major mandis Read More
Turmeric prices concluded at Rs 16,590, reflecting a 1.11% increase, as a result of short covering following recent downturns attributed to heightened selling activity from farmers amid the peak harvest period. Despite robust daily arrivals in key producing mandis that have surpassed current demand, the dynamics of bargain buying and short covering have facilitated a Read More
