INDIAN turmeric values showed an upward tendency in the early part of the past week as the volumes of material reaching the market declined. The September contract gained Rs96 ($2.04) to settle at Rs13,152 a quintal while the October contract surged Rs134 to close at Rs12,392 a quintal…READ MORE
AFTER a brief lull of a few weeks, prices of turmeric in India are all set to go northwards in the next couple of months thanks to a yawning gap between demand and supply. Turmeric, which enjoys substantial demand from both the Indian and international markets for cooking and medicinal purposes, is currently selling at […]
A MASSIVE surge in sales this March, with heavy demand from East Asian countries, helped push Indian spice exports for fiscal 2009/10 beyond the 0.5m tonne mark for the first time. Turmeric hit an all-time high in value, with 50,750 tonnes worth Rs3.81bn exported, against 52,500 tonnes worth Rs2.49bn in the earlier year…READ MORE
INDIAN turmeric values showed strong increases on Monday on high domestic and overseas demand. Arrivals at Erode on Monday stood at 4,000 bags while nearly 1,422 bags were traded at Sangli markets…READ MORE
The sharp rise in global turmeric prices during the past year has brought prosperity to hundreds of farmers in the Erode belt and nearby areas in Tamil Nadu. They had barely expected a return of Rs5,000 a quintal at the time of sowing last year but ended up getting more than three times that expectation…READ […]
INDIAN turmeric plantings for the 2010/11 season are expected to be higher than those of the current season due to prevailing high prices. However, the company cautioned that the current tight supply situation would prevent this favourable plantings outlook from having any bearish impact on prices soon…READ MORE
INDIAN turmeric prices are expected to remain prone to upward pressure over the near term despite some recent weakness on the futures exchange. Good export demand coupled with steady demand at the physical counter could cap a major decline in price…READ MORE
INDIAN turmeric prices look set for continued increases over the coming weeks due to delayed arrivals of new crop material and rising consumption. In comparison with the improving supply situation, demand for turmeric is expected to gain pace as the stockists are still to enter the market. This could maintain the positive move in price […]
INDIAN turmeric prices are expected to remain prone to upward pressure over the coming weeks due to delayed arrivals of new crop material and strong demand. While the supply situation in Nizamabad and Erode had improved from that of the previous week, it was still lower than the last season’s arrivals of 15,000 and 20,000 […]
Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March from when the peak season runs through until June. Turmeric exports in January 2010 stood at 3,250 tonnes, down 22.61% from a year ago, according to the Spices Board…READ MORE