The Most Active Apr’16 Turmeric Futures Closed

The most active Apr’16 turmeric futures closed lower mainly on profit booking but good demand from the local stockists due to forecast of lower production capped further loss. The Future contract for April delivery at NCDEX closed 0.68% down at Rs 9,916 per quintal. There is concern over production due to heavy rains during Nov-Dec in south India. Heavy rains in south peninsula during November and early December may damage turmeric crop in Tamilnadu and some parts of Karnataka. Deficient rainfall in during early part of sowing in major Turmeric growing regions of Maharashtra and Karnataka may reduce the yield.

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