Tuesday, December 31, 2024

Turmeric Price In 2025: Turmeric price at 1 month high, how will the prices be in the new year, is a big rise coming? - turmeric price in 2025 turmeric price at 1 month high how will the prices be in the new year is there a big boom coming


Turmeric Price In 2025: Turmeric prices have once again increased. Turmeric price has reached a 1 month high on NCDEX. The April futures of turmeric have crossed 14,400. Let us tell you that the prices of turmeric continue to rise for the second consecutive month. Whereas in November, the price of turmeric had increased by more than 5%, whereas in December till now it has increased by more than 4.50%.

If we look at the movement of turmeric, its prices have seen a jump of 7 percent in one week. Whereas in 1 month it increased by 6 percent. Whereas from January 2024 till now, a rise of 2 percent has been seen in turmeric. At the same time, it has increased by 2 percent in 1 year.

Increase of Rs 1500 possible

NCDEX Turmeric Committee Member Punam Chand Gupta It is said that due to good weather the turmeric crop has been good. Although in some areas 15-20 percent of the crop has been damaged due to excessive rain, but if we look at the overall turmeric crop, the coming crop is going to be very good. There was a decline in the export of turmeric in the last few days but the export is also expected to increase in the new year. Due to Ramadan and increase in domestic demand, the coming year may be better for turmeric than 2024.

A rise in turmeric price from the current level to Rs 1500 is possible. If the quality of turmeric is good then further increase can be seen in it.

CGL’s AVP Amit Khare Said that it looks quite attractive on the charts. The first trigger is visible above Rs 13700. If turmeric holds the level of Rs 13700, then the level of Rs 16500 can be seen in it. Therefore, buy turmeric at current levels.

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