A BUMPER crop in India, allied to stagnant export demand, is expected to keep the prices of turmeric lower in international markets during the ongoing year, with none of the volatility witnessed in the final quarter of 2009 Last week, turmeric futures had drifted to Rs6,694 per quintal as speculators reduced their positions due to […]
A SLOW downward drift in domestic and international turmeric prices during the first three weeks of January has not deterred turmeric farmers who have seen fresh buying by traders on expectations of a pick-up in demand. It was not surprising to see the drop in turmeric prices this year after an outstanding 2009…READ MORE
INDIAN turmeric futures extended the previous session’s losses on Wednesday on fresh arrivals, higher output hopes and a drop in November exports. Arrival pressure is building in the physical market. Arrivals from new crop have started in few places in Andhra Pradesh. Farmers are also bringing old crop in the market…READ MORE
Spices export in November stood at 39,485 tonnes, compared with 32,985 tonnes a year ago. Turmeric exports also dropped by 33% to 3,000 tonnes…READ MORE
INDIAN turmeric prices on physicals markets appear to have returned to their firm trend, but the futures side has failed to sustain earlier advances. The overall volume of trade surged and supported the price movement…READ MORE
IN a matter of less than a fortnight, prices of turmeric in India have dropped from record levels to a much more realistic mark. The prices are still at far higher levels than they were a year ago, when turmeric ruled at just Rs3,800 a quintal in the spot market…READ MORE
INDIA’S turmeric plantings for the 2009/10 season are much higher than those of last year as stronger prices have encouraged the country’s farmers to expand their area to the spice. Turmeric sowing for 2009/10 has been completed across India. The delayed onset of monsoon rains meant that plantings started 21 to 25 days later than […]
INDIAN turmeric futures look set for further gains in the coming weeks after advancing on September 24 due to tightening supplies and strong festival demand. India’s turmeric output in 2009/10 is expected to increase as area under the spice expanded and August rains ensured yields would be near normal despite erratic rains in June to […]
INDIAN turmeric futures rose on Thursday due to tightening supplies, strong festival demand and after the Spices Board said exports rose by 25% in August India’s turmeric output in 2009/10 is likely to increase as area under the spice expanded and August rains ensured yields would be near normal despite erratic rains in June to […]
India exported 34,025 tonnes of spices in the month, a 3.5% increase from 32,880 tonnes a year before. Foreign sales of turmeric for the five-month period were 25,500 tonnes against 24,875 tonnes a year before, although the value halved…READ MORE