Lower supply likely to support Turmeric prices in coming days

Published on: Apr 25, 03:31 Print

Lower supply reported in Nizamabad indicative market- only around 12,000 to 15,000 bags (70 kgs each) per day as compared to previous week 18,000 to 20,000 bags per day as most new crop has been traded already. Till date, around 70 – 75% new crop arrivals traded and arrivals will likely continue till May. 
Turmeric stocks reported lower current year in the spot market. Currently, in Nizamabad turmeric stocks (both old and new crop) were estimated around 3.5 lakh bags (1 bag = 70 kgs) as compared to around 6.00 lakh bags same time last year.