Higher arrivals drag turmeric prices | Agri Commodity Price

Prices of turmeric have been under stress in the near-term as a consequence of higher arrivals in the terminal markets and lower exports. On the other hand, the fundamentals support a strong market based on reports that turmeric production in Tamil Nadu, Telengana and Andhra would be lower than last season. NCDEX Turmeric’s spot prices on Mond…

Mentha oil futures keep on gain on growing demand

Mentha oil prices rose by 1.17 percent to Rs 1,660 per kg in futures trade Thursday as speculators engaged in enlarging their positions, tracking a firm trend at spot market on strong demand from consuming industries. Moreover, tight stocks position on the shortage of arrivals from the major producing belts too fuelled the uptrend. At the MCX, M…

Commodity News: Abolish CTT on agri-produce to protect farmers’ income

Confederation of Indian Industry (CII), the Industry body, on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be done away with for protecting farmers’ income. The CII said that after seeing an exponential growth since its beginning till 2011-12 fiscal, the commodities Futures market in the country has witn…

Onion and tomato prices are likely to decrease in retail markets shortly

Prices of Onion and tomato are expected to cool down in retail markets in the coming 15 to 20 days in hopes of the expected arrival of fresh crop, according to Agriculture Secretary S K Pattanayak. As per the latest trade-data, onion and tomato prices are at the top range of Rs 70 to 80 per kg in the retail market of the national capital and in …