Author: prahlad@bigmint.co
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India: Turmeric rally gains traction as traders bet on tighter near-term supplies
Lower arrivals and reduced carry-forward stocks support bullish sentiment Improving monsoon conditions keep new-crop expectations in check Turmeric prices strengthened sharply w-o-w as traders continued to price tight old-crop availability against improving new-crop prospects. BigMint’s Sangli spot price rose 2.4% to INR 23,200/100 kg on 21 August from INR 22,649 a week earlier, while Nizamabad…